Jumbo MBS Issuance Surges at Ginnie
Mortgage securitizations improved for the fifth consecutive month at the Government National Mortgage Association. Jumbo activity rose to the highest level in a year and a half.
Agency MSRs Up for Grabs
Residential loan servicers that are interested in growing their portfolios have an opportunity to do so through an ongoing source and a bulk purchase.
GSEs Weren't Ready for New Reps & Warranties Framework
A watchdog report says that the Federal Housing Finance Agency jumped the gun when it required Fannie Mae and Freddie Mac to implement a new representation and warranty framework -- exposing both companies to unnecessary risk.
HUD Secretary Says Mortgage Credit Too Tight
Department of Housing and Urban Development Secretary Julián Castro says more people need to gain access to home financing.
HSBC Latest to Settle MBS Lawsuit With FHFA
Another settlement has been reached over the sale of shoddy private-label mortgage-backed securities to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.
Ginnie Mae MSRs Hit the Market
A portfolio of mortgage servicing rights on Government National Mortgage Association loans has been put up for sale.
FHA Distressed Loans Sales Protested
While a program launched by the Federal Housing Administration has helped it unload $9 billion in distressed loans, community groups across the country are protesting the sales.
Live Well Bolsters HECM Platform
Live Well Financial has made some moves that boost its position in the home-equity conversion mortgage securities market.
Prime Jumbo RMBS Comes to Market
A new residential mortgage-backed securities transaction being issued is backed by jumbo loans to prime borrowers.
FHA Credit Conditions Far Looser Than Conventional
Just a month after loosening to its most flexible level in three years, the availability of mortgage credit tightened. Conditions on government credit are much more flexible than on conventional credit.