MSRs on Over $2 Billion in Ginnie Loans for Sale
A new offering has hit the market for mortgage servicing rights on more than $2 billion in Government National Mortgage Association loans.
Mortgage Rates Sink, Unlikely to Fall Further
After falling to the lowest levels this year, fixed mortgage rates further retreated. The outlook for the next interest rate report is for no further declines.
Buyer Sought for Agency Mortgage Kickbacks
Agency mortgages that were kicked back by aggregators have come on the market for investors looking to purchase them at a discount.
Mortgage Closing Ratio Worse, Credit Tighter
Residential loans closed more quickly last month. But closing ratios deteriorated and credit conditions were more restrictive.
Agency MSRs On the Market
Buyers looking to pick up mortgage servicing rights on more than $300 million in agency loans with a Michigan concentration can make bids on a new offering.
Home Purchase Financing Pulls Down Mortgage Apps
A slight increase in the number of people applying to refinance their mortgages wasn't enough to offset a decline in applications for a purchase-money loan.
2 Solid Quarters of Home Purchase Financing Ahead
VA Considering Mortgage Fee Changes
The current quarter and the following three months are likely to see solid production of loans to finance the acquisition of single-family properties.
The Department of Veterans Affairs is considering making changes to its fee limitations so that veterans can be more competitive in bids for homes.