Agency MBS Issuance Tumbles to 7-Year Low
It has been more than seven years since the monthly issuance of Fannie Mae, Freddie Mac and Ginne Mae mortgage-backed securities has been this low.
5-Year Low for New Business, Delinquency at Fannie
It's been five years since new secondary activity at the Federal National Mortgage Association has been this slow. It's been even longer since delinquency was this low.
Secondary Legal Actions Pile Up at SunTrust
Over the past few months, SunTrust Banks Inc. has been hit with a lawsuit and agreed to a settlement on loans it originated and sold. Now it faces a government investigation.
Ocwen Continues Growing Mortgage Servicing Portfolio
Ocwen Financial Corp. continued increasing the size of its residential loan servicing portfolio. Also moving up were pre-tax earnings.
FHFA Reaches Another Non-Agency MBS Settlement
The regulator of Fannie Mae and Freddie Mac has nailed down another settlement from lawsuits it filed over misleading statements on mortgage-backed securities the two firms purchased.
Nationstar Reports Quarterly Loss, Falling Originations
Quarterly production tumbled by nearly a third at Nationstar Mortgage Holdings Inc. and is poised for a further decline. Pre-tax earnings swung to a loss.
Taxpayers Solidly in the Black on Freddie Bailout
A series of one-time events at the Federal Home Loan Mortgage Corp. pushed earnings significantly higher last year -- leaving taxpayers with a tidy profit. But the level of earnings is not expected to continue.
Agency MSRs Up for Bid
Bids are being accepted for mortgage servicing on agency home loans with a concentration on the West Coast.
PennyMac Secures $500 Million Facility
PennyMac Mortgage Investment Trust has secured financing for residential loans that it acquires while it waits to securitize them.