Seller-Servicer Approval Requirements Updated
Seller-servicers on conventional agency loans will likely soon be subject to revised financial requirements in order to maintain agency approval.
New Freddie Business Jumps to 16-Month High
Freddie Mac's secondary activity was stronger last month than it's been since the summer of 2013, and delinquency fell to its lowest level since 2008.
Flagstar's Warehouse Assets Expand
Home lending activity and mortgage servicing were down at Flagstar Bancorp Inc., but there was growth in its warehouse lending assets and commercial mortgage holdings.
SunTrust Mtg Earnings, Originations and Servicing Up
Home lending activity expanded at SunTrust Banks Inc., while the residential loan servicing portfolio grew and mortgage earnings improved.
New Mortgage Business Slips at Wells Fargo
Quarterly home lending activity at Wells Fargo & Co. moved lower, as did its servicing portfolio and mortgage income.
Chase Continues Correspondent Growth
Despite a decline in quarterly retail originations, JPMorgan Chase & Co. lifted correspondent activity for the second consecutive quarter -- pushing overall volume higher.
Ginnie's Jumbo Issuance Jumps to 2.5-Year High
It's been more than two-and-a-half years since issuance of jumbo mortgage-backed securities at the Government National Mortgage Association has been this high.
GSE 97s Drive Up Credit Availability
An indicator of credit availability in home lending improved in December thanks to an expansion of loan-to-value ratios at the government-sponsored enterprises.
Freddie Hands Off Risk on Much of Multifamily Biz
Credit risk on more than half of the Federal Home Loan Mortgage Corp.'s multifamily activity last year was handed off to investors.