Mortgage Credit Conditions Tighten 3 Months in Row
Credit conditions in residential lending were tighter for the third month in a row, and it was conforming loan programs that contracted the most.
PennyMac Enters Wholesale As Home Lending Slumps
After three consecutive quarters of originations gains, PennyMac Financial Services Inc. ended its streak. But a move into wholesale lending could help upcoming production.
MBS Issuance Inches Up at Ginnie Mae, Jumbo Jumps
With jumbo loan activity leading the way, securitizations at the Government National Mortgage Association moved higher last month.
Fairway Independent Mortgage Originations Double
Last year's new home lending at Fairway Independent Mortgage Corp. was nearly double the level of lending in 2014. Staffing and servicing also grew.
Loans in Agency MSR Sale Could Reach $900 Million
A new flow offering of mortgage servicing rights on agency loans could end up generating MSRs on as much as $900 million in mortgages for the buyer.
GSE Repurchase Process Improved
The government-sponsored enterprises have updated their process for resolving repurchases in a move intended to provide lenders with more certainty.
Stonegate Reduces Headcount as Originations Sink
Quarterly residential lending activity turned sharply lower at Stonegate Mortgage Corp., as did the size of the mortgage banker's staff.
Mortgage Delinquency Lowest Since July 2008 at Fannie
Serious mortgage delinquency at the Federal National Mortgage Association has descended to depths not seen since before it collapsed.
Monthly MBS Issuance Slips at GSEs, Rises at Ginnie
Although securitizations dipped last month at both government-sponsored enterprises, issuance accelerated at the Government National Mortgage Association.
Mortgage Originations Falling at EverBank
Fourth-quarter mortgage originations were down at EverBank Financial Corp., and the first quarter is shaping up to see a further decline in loan production.