Freddie Leads Surge in Agency MBS Issuance
Issuance of agency mortgage-backed securities climbed to the highest level in nearly two years, and the Federal Home Loan Mortgage Corp. had the biggest month-over-month gain.
Excellent Month at Fannie Mae
New business ascended at the Federal National Mortgage Association, while home loan delinquency fell to a new post-crisis low.
GSE MSRs Up for Bid
Bids are being taken for mortgage servicing rights on a portfolio of well-performing conventional agency home loans with a concentration in California.
Mortgage Firms Bolster Executive Ranks
The nation's real estate finance sector has been busy building its management ranks. Several of the appointed executives previously worked at units of Bank of America Corp.
BofA's Appeal in Hustle Lawsuit Opposed by DOJ
The federal government has voiced its opposition to an appeal filed by Bank of America Corp. in a lawsuit involving loans sold from Countrywide Financial Corp. to the government-sponsored enterprises.
Best Month for Freddie's New Business in 2 Years
New business at the Federal Home Loan Mortgage Corp. escalated to the highest level in two years, while serious delinquency was down to the lowest level in more than six years.
GSE Refinance Volume Down Following Strong Month
Monthly refinances of Fannie Mae and Freddie Mac residential loans retreated after soaring to the highest level since 2013.
Multifamily Issuance Continues to Soar at Fannie
The quarterly securitization of commercial real estate loans backed by apartment properties continued to accelerate at the Federal National Mortgage Association.
MSRs on Over $1 Billion in GSE Loans Up for Bid
Residential loan servicers can grow their portfolios with a successful bid on mortgage servicing rights for more than $1 billion in government-sponsored enterprise loans.
Securitizations, Secondary Sales Finance Home Loans
Billions of dollars in residential loans have recently either been securitized or sold on the secondary mortgage market.