Pool of Investor Mortgages Being Auctioned
A pool of non-owner occupied home loans with a three-state concentration are being auctioned off to the highest bidder.
Record Purchase Lending at Guild, Staffing Grows
Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Quarterly corrspondent lending fell. Staffing expanded, but the servicing portfolio was slashed.
MSRs On $2 Bil in Agency Loans Being Auctioned
Bids are being accepted for an offering of mortgage servicing rights on nearly $2 billion in agency residential loans. The deal has a three-state concentration.
C-Suite Guilty Pleas at Defunct Mortgage Banker
Guilty pleas have been given by two of three former top executives of defunct mortgage banking firm who are accused of defrauding warehouse lenders on nearly $9 million in draws.
Nonperforming GSE Loans For Sale
Bids are currently being accepted on more than $400 million in non-performing government-sponsored enterprise home loans.
Freddie Finances Fewer Housing Units in 2017
The Federal Home Loan Mortgage Corp. provided financing for 110,000 fewer housing units last year than it did in 2016. Quarterly earnings deteriorated.
Ginnie MBS Issuance Slowest in 10 Months
Securitizations on behalf of the Government National Mortgage Association decreased to the lowest level in 10 months. The company's book of business is nearing $2 trillion.
Fannie to Request Funds from Treasury on Loss
After-tax losses at the Federal National Mortgage Association will result in a request for funding from the Department of the Treasury. Single-family refinance volume sank last year.
Over $1 Bil in Non-Performing GSE Loans For Sale
More than $1 billion in non-performing residential loans backed by a government-sponsored enterprise are being sold.
Bids Sought for Agency MSRs
An auction is being conducted for the sale of mortgage servicing rights on agency single-family loans that have a West Coast concentration.