Fannie Delinquency at Pre-Conservatorship Level
Serious residential delinquency at the Federal National Mortgage Association fell to the lowest level since before it was thrust into conservatorship. New secondary activity, however, was worse.
Quarterly Agency MBS Issuance Highest Since 2013
Securitizations of agency mortgages finished the first half of the year on an up beat, with quarterly volume surging to the highest level since 2013.
Nearly 2-Year High for Freddie's New Business
It's been almost two years since new business was this strong at the Federal Home Loan Mortgage Corp. Even better, residential delinquency was at its lowest level in more than six years.
GSE AUS Fees Eliminated
With Fannie Mae's elimination of the fee for its automated underwriting system, both government-sponsored enterprises have now done away with the cost.
Conferences Address TRID, Secondary Issues
Among the topics being covered at upcoming mortgage-related events are secondary marketing and the new integrated disclosures required under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
Big Decision in Repurchase Lawsuit
A federal judge has handed down a decision in a case that could have big implications on other repurchase lawsuits.
Portal Lets Investors Pick Home Loans by TPO Source
A new portal promises to help mortgage brokers and loan correspondents improve profits while allowing investors to pick and choose individual loans.
Monthly MBS Issuance Slips at Ginnie
Aside from an up tick in reverse mortgage and multifamily activity, issuance of Government National Mortgage Association securities slowed last month. An overhaul of document custody policies is planned.
Wholesalers Add FHA, VA and Non-QM Products
Wholesale mortgage lenders have been expanding their offerings recently, and government programs and non-QM programs were among the additions.
Big Portfolio of Ginnie MSRs Up For Sale
Mortgage servicing rights on more than $2 billion in Government National Mortgage Association home loans are on the market.