Mortgage Rates Tumble But Set to Surge
As financial markets were in turmoil this past week, fixed mortgage rates sank. But all indications are that rates will bounce back up in the next report.
Agency MSRs On the Block
Bids are being taken on a portfolio of mortgage servicing rights on government and conventional agency residential loans.
Owner of Former VA Mortgage Lending Giant Sued
The owner of a closed mortgage firm has been added to a federal whistleblower lawsuit accusing the company of overcharging veterans and defrauding the government.
Mortgage Bankers Report Improved Originations
The results are in, and the second quarter was a solid period for residential lenders -- with many reporting double-digit quarterly increases.
FHA to Allow Lending on Homes With PACE Loans
The Federal Housing Administration intends to allow home loans on properties with controversial liens used to finance energy efficient improvements.
Biggest Commercial Mortgage Servicers
|Jumbo Leads Mortgage Lending Lower
The jumbo-conforming spread significantly improved but didn't slow the more than one-half drop in jumbo business. An overall rate decline also didn't help overall activity. Adjustable-rate and cashout-refinance business, however, jumped.
The list of the largest servicers of commercial real estate loans is in, and the biggest overall servicer is also the top servicer of Freddie Mac loans and securitized mortgages.
Fixed Mortgage Rates Dip, Could Fall Further
Fixed interest rates on residential loans slipped this past week and are potentially poised to descend even lower.
Record High Closing Rate on Home Loans
The closing rate on mortgage transactions reached two thirds last month -- the best it's ever been since the data became available.