Fannie Reports Strong Month
Residential loan performance improved at Fannie Mae, while new secondary activity was better than it's been in nearly a year.
New Business, Delinquency Better at Freddie
In addition to driving new business to a 10-month high, delinquency at the Federal Home Loan Mortgage Corp. was the lowest since 2008.
Industry Groups Call for Elimination of GSE LLPAs
Trade groups representing mortgage bankers, financial institutions and Realtors are among two dozen groups calling for the elimination of loan level price adjustments.
Large Distressed Mortgage Portfolio Sold
A large portfolio of distressed residential loans has found a buyer. The seller is the Federal Home Loan Mortgage Corp.
DU 10.0 Release Date Set
After being delayed for an unspecified amount of time, a new release date has been scheduled for Desktop Underwriter Version 10.0.
Fannie Unloading Non-Performing Loans
More than $500 million in non-performing residential loans are being offered for sale by the Federal National Mortgage Association.
Build Out Costs Surge on New Fannie HQ
The regulator of the Federal National Mortgage Association is being criticized for oversight of the secondary lender's planned move to a new headquarters facility.
Auction On for Agency MSRs
Mortgage servicing rights on agency residential loans with a Florida concentration are being auctioned off to the highest bidder.
GSE Refinances Up Despite HARP, Freddie Decline
Although government-funded and Freddie Mac refinances retreated, overall government-sponsored enterprise refinances reached a nine-month high.
Mortgage Demand Rising, Credit Standards Holding
Senior mortgage executives expect that demand for purchase financing will keep rising. While a few noted a recent easing of credit standards, even fewer expect this to continue.