Task Force to Tackle VA Refinance Churning
Two agencies of the federal government have combined forces to deal with excessive churning of mortgages that are guaranteed by the Department of Veterans Affairs.
Ginnie's FY 2017 MBS Issuance Up, Book Expands
Annual fiscal securitizations conducted on behalf of the Government National Mortgage Association increased, while the book of business continued to grow.
Over $800 Million in Freddie Mac Loans Sold
More than $800 million in slightly past due and reperforming mortgages have been sold through an auction by the Federal Home Loan Mortgage Corp.
Late Pays on CMBS Down, Peak Might Have Passed
Led by industrial property loans, late payments on securitized commercial real estate loans fell as signs suggest the peak has passed. But office and retail property delinquency grew.
Decade Low Delinquency at Fannie as Book Expands
Single-family performance at the Federal National Mortgage Association is better than it's been in nearly a decade. Meanwhile, the manged portfolio continued to grow.
CMBS Delinquency Down 3rd Consecutive Month
For the third month in a row, the rate of past-due payments on securitized commercial real estate loans was lower. Office building loans led the improvement.
2-Yr High for CMBS Lates, 10-Yr Low Bank CRE Rate
Delinquency on securitized commercial real estate loans jumped to the highest level in nearly two years. But CRE loan delinquency at banks was the lowest it's been since at least 2007.
New Post-Crisis Low for Freddie's Delinquency
The rate of serious mortgage delinquency at the Federal Home Loan Mortgage Corp. has fallen to the lowest level in nearly a decade.
MBS Issuance Up at Ginnie Mae
As the Government National Mortgage Association's book of business continued to grow, a month-over-month increase in issuance was recorded.
RMBS Issuance Likely to Climb Despite Rising Rates
Although an expected increase in interest rates is likely to put a dent in annual mortgage originations, issuance of residential mortgage-backed securities is still expected to rise.