Fannie Delinquency Descends Further, Business Up
Serious mortgage delinquency, which was already lower than at anytime since mid-2008, fell further at Fannie Mae. New business, meantime, also improved.
Freddie Unloading More Distressed Loans
Another sale of distressed residential loans for nearly $800 million is being offered by the Federal Home Loan Mortgage Corp.
Further Improvement in Freddie's Delinquency
While monthly new business deteriorated at the Federal Home Loan Mortgage Corp., serious delinquency again declined to a new 7-year low.
Correspondent Executives Find New Homes
In addition to at least one C-Suite appointment, recent executive activity in home lending includes multiple correspondent lending executives who have found new jobs and a new retail lending leader.
FHA Loan Sale Auction Set
An auction to sell residential loans that were originally insured by the Federal Housing Administration is taking place this week.
MBA Chief Outlines Mortgage Industry's Challenges
As players in the secondary mortgage market meet in the Big Apple this week, the leader of the industry's prominent trade group talked about the industry's challenges.
Freddie Selling Distressed Loans
The Federal Home Loan Mortgage Corp. is auctioning off distressed mortgages that are currently being held in its investment portfolio.
Online Lenders Among Mortgage Mergers
Two online residential lenders, including a startup and a newly acquired firm, hope to shake up the home-lending process. Another recent mortgage-related transaction involves a correspondent rural lending business.
Jumbo MBS Issuance Soars at Ginnie Mae
A month-over-month gain in securitizations was made by the Government National Mortgage Association, and jumbo activity led the improvement.
Huge Portfolio of Agency MSRs For Sale
Mortgage servicing rights on more than $4.7 billion in agency loans with a Golden State concentration are being marketed for sale to the highest bidder.