As HARP Wanes, 3.5 Million Benefited
Just one month after sinking to the lowest level on recent record, the number of government-sponsored enterprise loans that were refinanced fell further. An Obama-era program enabled 3.5 million refinances during stressful times.
Fannie Moving $5 Bil in Loans Off Balance Sheet
More than $5 billion in residential loans are being moved out of the mortgage investment portfolio of the Federal National Mortgage Association. The loans are nonperforming and reperforming.
Jumbo Drives Down Mortgage Credit Availability
Credit conditions in the home financing market were tighter last month. Behind the contraction was a drop in the number of available jumbo mortgage programs. Partially offsetting jumbo deterioration was an increase in programs with low down payments.
GSE MSR Offering Has Golden State Concentration
Potential buyers are being sought for the servicing on over a half-billion dollars in government-sponsored enterprise single-family loans
with a Golden State concentration.
Housing Finance Overhaul Bill Has Little Chance
A bill that was proposed on the 10-year anniversary of the government seizure of Fannie Mae and Freddie Mac has little chance of becoming law.
Bids Sought for Non-Performing GSE Mortgages
A fairly big portfolio of non-performing mortgages that were acquired by a government-sponsored enterprise are being marketed for an upcoming auction.
MSRs Offered On Nearly $4 Billion in GSE Loans
The servicing on nearly $4 billion in single-family loans that are backed by the government-sponsored enterprises is being offered for sale. The portfolio has a Lone Star State concentration.
New President at Freddie Mac, CEO Leaving
In addition to disclosing that it has appointed a new president, the Federal Home Loan Mortgage Corp. has revealed that its current chief executive officer will be leaving. The domino effect impacts its multifamily business.
Serious Delinquency at Fannie Lowest in Nearly 11 Years
Monthly new business slipped at Fannie Mae. Loan performance on the secondary lender's residential portfolio was the best it's been in nearly 11 years.
Fannie Mae's MBS Issuance Soars to 19-Month High
Securitizations of residential loans that are backed by the Federal National Mortgage Association soared to a 19-month high, leading overall agency issuance higher.