Fannie Business Slows, But Delinquency Down Again
Although its secondary activity abated and its book of business backed down, the Federal National Mortgage Association made more progress on its delinquency.
Fannie Leads Rise in Agency Issuance, Ginnie Lags
A drop in issuance at the Government National Mortgage Association last month was more than offset by a jump in activity at the Federal National Mortgage Association.
FHFA Criticized for QC, GSE Budget Review Process
A pair of watchdog reports are critical of quality control and budget approval processes at the regulator of Fannie Mae and Freddie Mac.
Radian to Insure High Balance, Higher LTV Loans
Radian Guaranty Inc. has updated its guidelines to allow high-balance government-sponsored enterprise loans with higher loan-to-value ratios.
Freddie's New Business Drops, As Does Delinquency
While the story wasn't so good for new business at the Federal Home Loan Mortgage Corp., it was better for serious mortgage delinquency.
GSE Refinances Slow Thanks to Fannie
Although the level of monthly Federal Home Loan Mortgage Corp. refinances moved higher, a drop in refinances of Federal National Mortgage Association loans more than offset the increase.
Mortgage Credit Standards Ease, Demand Strengthens
Credit standards at home lenders have eased recently, with larger lenders reporting more loosening than smaller ones. While demand has recently improved, fewer lenders are optimistic that demand will increase in the near future.
Freddie Eases Lending Requirements
Among several updates to lending guidelines at Freddie Mac are changes to requirements for cash contributed by borrowers and cashout refinance transactions.
Over $1 Billion in Distressed GSE Loans Sold
Freddie Mac has found a buyer for a portfolio of more than $1 billion in distressed residential loans it recently put on the market.
Freddie Mac Non-Performing Loans for Sale
The Federal Home Loan Mortgage Corp. continues to clean up its balance sheet with another offer to sell distressed residential loans.