GSEs Issue Life-of-Loan Repurchase Relief
Updated guidelines issued by Fannie Mae and Freddie Mac are intended to provide lenders with more certainty that they won't face repurchase demands down the road.
MSRs on Over $1 Billion in Agency Loans For Sale
Bids are being accepted for an offering of mortgage servicing rights on more than $1 billion in agency home loans.
Provident Funding's Lending, Servicing and Staffing Slip
Quarterly originations inched downward for Provident Funding Associates LP in quarter-over-quarter comparisons thanks to correspondent lending. Servicing and staffing totals also saw leaner figures.
Fannie Cuts Cashout LTVs
The maximum loan-to-value ratio on refinanced Fannie Mae mortgages that have cashout is being reduced by the secondary lender.
1 Correspondent Client Sends Impac Originations Soaring
A lone correspondent client was single handedly responsible for a quarter-over-quarter doubling of new business at Impac Mortgage Holdings Inc. The servicing portfolio was reduced.
PennyMac Reports Solid Mortgage Results
Quarterly home loan originations moved up at PennyMac Financial Services Inc. and appear to be headed to even higher ground. Earnings improved, staffing expanded and servicing grew.
Quarterly Business Slows at Nationstar
Nationstar Mortgage LLC is the only mortgage originator so far this earnings season to report reduced production compared to the second quarter.
Over Half of GSE Taxpayer Profits From Freddie
In multiple respects, Freddie Mac is in the neighborhood of a third smaller than Fannie Mae. But Fannie is a little less dominant in the race to finance apartment units, while Freddie is responsible for more than half of the nearly $40 billion netted on behalf of U.S. taxpayers to finance both firms' bailouts.
CEO Named for Common Securitization Solutions
A new chief executive officer has been appointed to the company that will operate the common securitization platform.
Ginnie Drives Agency MBS Issuance to 12-Month High
A monthly increase in securitizations at the Government National Mortgage Association more than offset a decline at its government-controlled counterparts.