SunTrust Wins Repurchase Legal Fight
A federal judge has handed SunTrust Banks Inc.'s mortgage unit a victory in a repurchase case involving a no-asset-verification program.
Jumbo Out Front of Eased Credit Conditions
Credit conditions in the home lending industry eased for the second month in a row, and jumbo mortgage programs led the loosening.
CMBS Delinquency Tumbles 50 BPS in Q4
The quarterly performance of securitized commercial real estate loans strengthened more than for any other investor type, and the improvement has continued into this year.
Nearly $400 Million in Distressed Freddie Loans Sold
The sale of seriously delinquent non-performing loans by the Federal Home Loan Mortgage Corp. will hardly impact its massive investment portfolio.
Delinquency Improves as Fannie's New Business Down
New business at the Federal National Mortgage Association fell to the slowest pace since last summer. Improvement continued, however, with loan performance.
Freddie Lifts Overall Agency MBS Issuance
A surge in monthly issuance of mortgage-backed securities on behalf of the Federal Home Loan Mortgage Corp. was enough to offset declines at both of its agency counterparts.
New Post-Crisis Low for Freddie Delinquency
New business at the Federal Home Loan Mortgage Corp. skidded to the slowest level in seven months. But serious delinquency established a new post-crisis low.
Judge Rules Against Fannie in REO Portfolio Sale Case
Fannie Mae was unsuccessful in its attempt to obtain a dismissal of a federal lawsuit accusing it of keeping a $100,000 deposit that an investor put down in an ultimately unsuccessful bid to acquire real-estate-owned assets.
Monthly GSE Refinance Activity Surges
Monthly government-sponsored enterprise refinances jumped to the highest level in more than a year. Government-supported refinances, however, fell to a new low.
GSE Earnings Tumble, Single Family Activity Slows
Annual earnings and single-family secondary activity turned lower at both Freddie Mac and Fannie Mae. But multifamily activity held up.