Freddie Implements Common Securitization Platform
As anticipated, the Federal Home Loan Mortgage Corp. has implemented the common securitization platform on some of its securities.
MSRs on $1 Billion in GSE Loans On the Market
An offering of mortgage servicing rights on more than $1 billion in government-sponsored enterprise home loans has hit the market.
Lower Expenses Drive Up Mortgage Production Profits
As quarterly home-lending volume escalated, mortgage banking organizations were able to lower their per-loan production expense and boost their per-loan profits.
Credit Standards to Ease Due to Rising Rates
Credit standards for loans included in residential mortgage-backed securities are expected to loosen next year as interest rates rise.
Mortgage Credit Eases, Further Loosening Likely
For the third month in a row, credit conditions in residential lending have loosened -- a trend that is likely to continue given recent events.
Fannie Drives Down Agency MBS Issuance
Issuance of agency mortgage-backed securities retreated to the lowest level in four months, and it was the Federal National Mortgage Association that drove the decline.
New Post-Crisis Low Delinquency at Fannie
Serious residential loan delinquency at the Federal National Mortgage Association dropped to the lowest level since it fell into conservatorship.
New Business, Delinquency Worse at Freddie
For the second consecutive month, secondary activity has slowed at the Federal Home Loan Mortgage Corp. Also worsening was delinquency.
Conforming Loan Limits Raised First Time in Decade
For the first time in more than a decade, limits on loans backed by the Federal National Mortgage Association and Federal Home Loan Mortgage Corp. have risen.
Subprime RMBS Settlement at Ally
Ally Financial Inc. has agreed to settle allegations of misleading marketing on the sale of subprime residential mortgage-backed securities.