Tiny GSE MSR Portfolio For Sale
Mortgage servicing rights on less than $200 million in government-sponsored enterprise loans with a three-state concentration are being marketed for sale to the highest bidder.
Mortgage Insurers Warn About GSE-Paid M.I.
The nation's mortgage insurers are raising red flags about a new enterprise-paid mortgage insurance product at the Federal National Mortgage Association.
Jumbo Lending Lots Looser as Lenders Fight for Biz
Residential lenders relaxed credit requirements last month to the most flexible level since January. Driving the improvement were ambitious lenders fighting for jumbo business.
MSRs On Nearly $5 Billion in GSE Loans Sold
As it continues taking steps to stem mortgage banking losses, HomeStreet Inc. has sold mortgage-servicing rights on nearly $5 billion in government-sponsored enterprise loans.
Agency MBS Issuance Up Despite Decline at Fannie
A dip in monthly securitizations at the Federal National Mortgage Association was more than offset by an increase in activity at both of its two housing finance counterparts.
Fannie Mae Delinquency Lowest Since 2017
As serious mortgage delinquency fell to the lowest level since last year at the Federal National Mortgage Association, new business jumped to the second-highest level this year.
Freddie Improves Condo Requirements
Improvements being made to condominium requirements at the Federal Home Loan Mortgage Corp. include valuation process enhancements.
Biggest MI Firm Not All-In on Mfg Housing Program
The nation's largest mortgage insurance company will not automatically align its own guidelines with guidelines for a new manufactured housing program from Fannie Mae.
Freddie's Delinquency Best in 7 Mths, Biz Up Again
Delinquency at the Federal Home Loan Mortgage Corp. has fallen each month this year and now sits at a seven-month low. Secondary lending activity, meanwhile, moved higher for the third consecutive month.
Supreme Court Declines to Hear FHFA MBS Case
The last holdout in a swarm of lawsuits filed in 2011 against underwriters and issuers of mortgage-backed securities has been resolved by the country's high court.