Ocwen Acquires Delinquent FHA Loans
A pool of distressed government home loans has been purchased by a unit of Ocwen Financial Corp., and more such deals could be ahead.
Slight Up Tick in RMBS Issuance Predicted in 2015
Non-agency residential loan securitizations are expected to rise modestly next year, while performance on legacy loans is predicted to improve.
MSRs on Western Agency Loans Up for Bid
Mortgage servicing rights on close to $3 billion in agency home loans secured by properties in the West are being marketed for sale.
5-Month Low for Ginnie MBS Issuance
Monthly issuance of Ginnie Mae mortgage-backed securities fell to a five-month low, though jumbo activity strengthened.
Non-Agency Programs Expanded at Stonegate
Improvements to Stonegate Mortgage Corp.'s non-agency product menu include higher loan-to-value ratios and enhanced jumbo programs.
Jumbo Cashouts Behind Increased Credit Availability
Credit conditions in home lending eased slightly last month. The improvement was attributed to new jumbo cashout programs.
MSRs on Over $3 Billion in Agency Loans for Sale
Bids are being accepted for mortgage servicing rights on more than $3 billion in Federal Home Loan Mortgage Corp. loans.
GSEs Go Live with 97% LTV Loans
Less than two months after the director of the Federal Housing Finance Agency alerted mortgage bankers about a loosening of loan-to-value limitations, higher LTVs have become a reality.
MBS Issuance Moves Higher at Ginnie, Reverse Leaps
Monthly loan securitization activity improved at the Government National Mortgage Association thanks mostly to residential business. Reverse mortgage volume saw the most improvement.