Massive Sale of Distressed Loans by Freddie
As the secondary mortgage market continues to thaw, the Federal Home Loan Mortgage Corp. unloaded a record amount of distressed loans.
Impac Mortgage Expects Originations To Soar
Home lending activity increased during the final three months of last year at Impac Mortgage Holdings Inc., and business is expected to nearly double in the first three months of this year.
Freddie's New Business Highest Since 2013
Less than a week after announcing the planneThe Federal Home Loan Mortgage Corp. turned in the best month in new business since the summer of 2013. Delinquency hasn't been this good since 2008.
Another Agency MSR Sale at Ocwen
Less than a week after announcing the planned sale of mortgage servicing rights on nearly $10 billion in agency loans, Ocwen Loan Servicing LLC has negotiated a sale of more than twice that size.
Several Secondary Mtg Transactions So Far in 2015
Among a number of secondary mortgage transactions so far this year are deals that include prime mortgages, non-performing loans and agency loans.
Jumbo Ginnie Issuance Up Despite Overall Decline
Total monthly mortgage securitizations moved lower at the Government National Mortgage Association. But one bright spot was jumbo securitization activity.
Fannie MSRs For Sale
Mortgage servicing rights on Fannie Mae loans have come on the market, and a disproportionate share of the loans are secured by properties in the Lone Star State.
Repurchase Disputes Litigated
Litigation over contractual agreements to buy back bad mortgages continues to wind its way through the courts. In one instance, 70 similar cases have been consolidated for pretrial purposes.
SunTrust Wins Repurchase Legal Fight
A federal judge has handed SunTrust Banks Inc.'s mortgage unit a victory in a repurchase case involving a no-asset-verification program.