Monthly HARP Volume Off Despite Up Tick in Refis
Although the monthly volume of government-sponsored enterprise refinances moved higher, the same can't be said of government-supported refinances.
Walter Affiliate Acquires MSRs on $3 Bil in Loans
Mortgage servicing rights on more than $3 billion in government-sponsored enterprise loans have been acquired by an entity related to Walter Investment Management Corp.
Freddie Mac Delinquency Nears Post-Crisis Low
After ascending to the highest level in two years, secondary activity the Federal Home Loan Mortgage Corp. slipped. Delinquency, however, improved and now stands near its lowest level since the financial crisis erupted.
Agency MSRs On the Block
Bids are being taken on a portfolio of mortgage servicing rights on government and conventional agency residential loans.
Program Expands Lower Income Conventional Options
Lower-income borrowers will have more competitive options through a new conventional agency program with looser qualifying requirements.
Biggest Commercial Mortgage Servicers
The list of the largest servicers of commercial real estate loans is in, and the biggest overall servicer is also the top servicer of Freddie Mac loans and securitized mortgages.
Multifamily Goals Significantly Bumped at Freddie
New goals for annual apartment financing activity at the Federal Home Loan Mortgage Corp. have been more steeply raised that at its secondary rival.
Over $1 Bil Distressed Mortgage Portfolio For Sale
More than a billion dollars in severely distressed agency mortgages are being auctioned off to the highest bidder.
MSRs on $600 Mil in GSE Loans Up for Grabs
Mortgage servicing rights being offered on a flow basis will deliver MSRs on $600 million in government-sponsored enterprise loans to the purchaser.
Taxpayer Profits from GSEs Exceed $50 Billion
U.S. taxpayers' bailout investments in the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. have now yielded more than $50 billion in net profits thanks to a stellar quarter.