Non-QM Jumbo Mortgages For Sale
A small portfolio of jumbo mortgages that don't meet Qualified Mortgage requirements is up for grabs. The loans are hybrid adjustable-rate mortgages.
Freddie Mac Delinquency Nears Post-Crisis Low
After ascending to the highest level in two years, secondary activity the Federal Home Loan Mortgage Corp. slipped. Delinquency, however, improved and now stands near its lowest level since the financial crisis erupted.
LOS Providers Enhance Compliance Capabilities
Recent updates to loan origination systems, as well as integration and collaboration between LOS developers and other service providers, promise to help home lenders maintain mortgage compliance.
Agency MSRs On the Block
Bids are being taken on a portfolio of mortgage servicing rights on government and conventional agency residential loans.
Program Expands Lower Income Conventional Options
Lower-income borrowers will have more competitive options through a new conventional agency program with looser qualifying requirements.
Mortgage Operating Metrics Improve Across the Board
Mortgage lenders managed to boost quarterly home loan originations while, at the same time, increasing the amount they earn per loan.
MBS Trustee Sued by Bank Regulator
A mortgage-backed securities investor lawsuit against The Bank of New York Mellon Corp. focuses not on the company's role in the original issuance, but on its role as trustee.
Multifamily Goals Significantly Bumped at Freddie
New goals for annual apartment financing activity at the Federal Home Loan Mortgage Corp. have been more steeply raised that at its secondary rival.
Over $1 Bil Distressed Mortgage Portfolio For Sale
More than a billion dollars in severely distressed agency mortgages are being auctioned off to the highest bidder.
MSRs on $600 Mil in GSE Loans Up for Grabs
Mortgage servicing rights being offered on a flow basis will deliver MSRs on $600 million in government-sponsored enterprise loans to the purchaser.