Fannie Delinquency Descends Further, Business Up
Serious mortgage delinquency, which was already lower than at anytime since mid-2008, fell further at Fannie Mae. New business, meantime, also improved.
Freddie Unloading More Distressed Loans
Another sale of distressed residential loans for nearly $800 million is being offered by the Federal Home Loan Mortgage Corp.
Further Improvement in Freddie's Delinquency
While monthly new business deteriorated at the Federal Home Loan Mortgage Corp., serious delinquency again declined to a new 7-year low.
Wells Fargo Debuts Low Down Payment Program
A new program from Wells Fargo & Co. promises to make it easier for prospective borrowers to apply and qualify for a low-down payment residential loan.
Events Tackle Mortgage QC, Originations
Among several upcoming mortgage-related events are an investor conference, a Fannie Mae quality-control boot camp and another boot camp for loan originators.
Appeals Court Rules for BofA in "Hustle" Case
A federal judge's ruling requiring Bank of America Corp. to pay more than $1 billion in penalties over agency loans originated by Countrywide Financial Corp. in its "Hustle" program has been reversed on appeal.
GSE Refinances Soar
Monthly refinance volume of Fannie Mae and Freddie Mac mortgages soared to the highest level in eight months, and activity could pick up as rates continue to fall.
MBA Chief Outlines Mortgage Industry's Challenges
As players in the secondary mortgage market meet in the Big Apple this week, the leader of the industry's prominent trade group talked about the industry's challenges.
Freddie Selling Distressed Loans
The Federal Home Loan Mortgage Corp. is auctioning off distressed mortgages that are currently being held in its investment portfolio.
Huge Portfolio of Agency MSRs For Sale
Mortgage servicing rights on more than $4.7 billion in agency loans with a Golden State concentration are being marketed for sale to the highest bidder.