HARP Activity Lowest in at Least 4 Years
Fewer monthly refinances of Freddie Mac loans had overall government-sponsored refinances slower. Still, activity hasn't let up much since it began accelerating last summer. Government-subsidized refinances skidded to the lowest level since at least 2010.
Appraisal Exec Says CU Concerns Overblown
A top appraisal executive is saying that the chaos predicted from the implementation of Collateral Underwriter is much ado about nothing.
Production Executives Dominate Management Moves
Among several recent management appointments at home lending firms have been executives who will oversee mortgage production and sales. Other executive activity includes board appointments and commercial real estate lending recruiting.
GSE 97s Drive Up Credit Availability
An indicator of credit availability in home lending improved in December thanks to an expansion of loan-to-value ratios at the government-sponsored enterprises.
Improved Reviews, CU Addressed by Appraiser Firms
The latest innovations in the appraisal industry are intended to improve the appraisal review process and address the new Collateral Underwriter system. An appraisal management company out of New York is reporting brisk growth.
Freddie Hands Off Risk on Much of Multifamily Biz
Credit risk on more than half of the Federal Home Loan Mortgage Corp.'s multifamily activity last year was handed off to investors.
MSRs on GSE Loans Up for Bid
Bids are being accepted for mortgage servicing rights on a huge portfolio of government-sponsored enterprise home loans.
Fannie Drives Monthly Jump in Agency MBS Issuance
A jump in securitization activity at the Federal National Mortgage Association helped last month's overall agency issuance bounce off a five-month low. But annual activity slid.
New Business Inches Higher at Fannie
A minimal increase in monthly secondary activity was recorded for the Federal National Mortgage Association, while delinquency hit another six-year low.
Dramatic Shift Ahead for Appraisal Underwriting
A new technology being implemented on conventional agency loans is expected to have a major impact on the underwriting of appraisal reports.