134-Year-Old Bank, Correspondent Lender Done
Among several mortgage-related businesses to recently call it quits was a bank that was 134 years old, three credit unions and a correspondent lender.
Over $1 Billion In Agency MSRs For Sale
Bids are being accepted on two portfolios of mortgage servicing rights with more than $1 billion in agency loans.
Industry Applauds QRM-QM Alignment
A final rule on risk-retention requirements has been completed by federal regulators, and the mortgage industry is reacting favorably. The rule aligns the qualified residential mortgage definition with the Qualified Mortgage.
GSEs to Lift LTVs, Lower Repurchase Uncertainty
A plethora of positive news about government-sponsored enterprise lending emanated today from the crème de la crème of mortgage conferences.
Further Tightening in Ginnie Issuer Requirements
Just days after unveiling new minimum issuer volume requirements, the Government National Mortgage Association disclosed changes to other issuer requirements.
GSE Updates Intended to Loosen Mortgage Credit
Clearer guidelines about when seller-servicers can expect repurchase demands from Fannie Mae and Freddie Mac are intended to help lenders ease up on their own requirements.
Correspondent Originations Surge at SunTrust
Even though residential loan production was down for the retail channel, SunTrust Banks Inc.'s correspondent acquisitions jumped by a third -- pushing overall originations up.
Ginnie Issuers Face Minimum Issuance Requirements
Issuers of mortgage-backed securities guaranteed by the Government National Mortgage Association will soon face minimum activity requirements.
Wells Fargo Mtg Originations Flat, Delinquency Up
Residential loan production moved minimally higher at Wells Fargo & Co. But performance deteriorated on mortgages in both its servicing portfolio and investment portfolio.
Chase Correspondent Mortgage Production Soars
Home loan originations shot up by a quarter at JPMorgan Chase & Co., though business remained down by nearly half from a year earlier. Correspondent acquisitions drove the increase and are likely to offset a fourth-quarter decline in retail originations.