Conforming Limits Released for 2016
Conforming limits for loans backed by the government-sponsored enterprises have been released for next year, and nearly 40 counties will see an increase in maximum loan amounts.
GSE MSR Offering Has Minnesota Concentration
A flow offering of mortgage servicing rights on as much as $840 in agency conventional mortgages has a Minnesota concentration.
MSRs on Around $1 Billion in Agency Loans Available
A pair of flow offerings on the market could land the buyer mortgage servicing rights on more than $1 billion in agency residential loans.
Over 2 Dozen Mortgage-Related Events Next 90 Days
More than two dozen mortgage-related events take place during the next three months. Among the topics to be covered are compliance, warehouse lending and servicing. Social media, mortgage technology and banking are also on the agenda.
Over $1 Bil in Distressed Freddie Loans For Sale
More than $1 billion in distressed Federal Home Loan Mortgage Corp. home loans are being marketed for sale.
Nationstar to Service Ginnie Mortgages for Banks
Nationstar Mortgage has negotiated a deal to service Government National Mortgage Association loans for banks that don't want to retain servicing themselves.
Size of Servicing Portfolio Explodes at Impac
Home lending activity slipped at Impac Mortgage Holdings Inc., though year-over-year performance benefited from a prior acquisition. The servicing portfolio ballooned by half but has since deflated.
New Business, Earnings Down at Fannie
New single-family business slowed at the Federal National Mortgage Association. While income was down, more than $2 billion in earned profits will be paid back to taxpayers.
Continued Gains in Availability of Mortgage Credit
The availability of credit in home lending expanded last month, has eased four consecutive months and stands at the highest point in six years.
Enhanced Service Helps With Jumbo Modeling
Jumbo assets are among the most liquid in the secondary mortgage market, and an analytics system enhancement targets jumbo metrics.