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.
Ditech Unloading Servicing on HELOCs
The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.
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.
Ginnie Mae MBS Issuance Inches Up
Despite a year-over-year retreat in securitizations on behalf of the Government National Mortgage Association, there was a month-over-month bump.
Another MBS Settlement for Deutsche
Following a pair of recent settlements related to mortgage-backed securities, Deutsche Bank has reached another settlement for nearly $100 million.
2017 RMBS Issuance Well Ahead of 2016
So far this year, the volume of residential loan securitizations has more than doubled the level activity at the same point last year.
CMBS Delinquency Highest Since 2015
Performance on securitized commercial real estate loans was worse in any month since 2015. Maturing loans and shrinking outstandings were blamed.
Commercial Mortgage Delinquency Declines
The quarterly performance of real estate loans secured by commercial properties improved for most investor types. Just securitized loans have worsened from a year ago.
Office Loans Drive Down CMBS Delinquency
An improvement in the performance of securitized commercial real estate loans backed by office buildings was enough to offset deterioration in every other category.
Monthly Agency MBS Issuance Rises
Monthly securitizations of single-family loans backed by the agencies moved up from a month earlier but retreated compared to a year earlier.