Senior Mortgage Executives' Non-GSE Outlook Strong
Senior mortgage banking executives are expecting that demand for non-agency programs will intensify. At the same time, the group expects requirements on such programs to ease.
9-Yr Low for Freddie's Single-Family Delinquency
Residential loan delinquency again turned lower at the Federal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.
Small Portfolio of Fannie Mae Loans Sold
A small portfolio of non-performing single-family loans that are owned by the Federal National Mortgage Association has been auctioned off.
Nearly $300 Million in Freddie Mac Loans Sold
Nearly $300 million in re-performing and moderately delinquent single-family mortgages have been sold with a securitization to follow.
PHH Closes On Sale of MSRs
A previously announced agreement for PHH Corp. to sell mortgage servicing right on government-sponsored enterprise residential loans has been executed.
Radian Relaxes LTV Ratios
Radian Guaranty Inc. has increased the allowable maximum loan-to-value ratio on some of its mortgage insurance products.
GSE Refis Sink to 3-Year Low, All-Time HARP Low
Government-supported refinance production plunged to the lowest level on record as overall refinances of government-sponsored enterprise loans sank to a three-year low.
Genworth Relaxes Jumbo Credit Scores, LTVs
Relaxed jumbo requirements at Genworth Mortgage Insurance include higher loan-to-value ratios and lower credit scores. Some premiums were lowered.
Fannie Addresses Credit Report Changes
Changes next month by the credit reporting agencies aren't expected to have a significant impact on Fannie Mae's policies or requirements.
$3 Billion in Reperforming GSE Mortgages Sold
A $3 billion portfolio of government-sponsored enterprise single-family loans that are reperforming has been successfully sold through an auction.