Another GSE MSR Offering Hits Market
For the second time in as many months, an offering of mortgage-servicing rights on close to $4 billion in government-sponsored enterprise loans with a Texas concentration has hit the market.
Chase's Mortgage Earnings Sink, Lending Edges Up
A modest quarter-over-quarter rise in single-family lending at JPMorgan Chase & Co. , including correspondent acquisitions, didn't translate into more profit for the segment. Mortgage holdings expanded, and delinquency improved.
MSRs on Nearly $1 Billion in Ginnie Loans for Sale
Mortgage servicing rights are being offered on nearly 1 billion in Government National Mortgage Association loans. Most of the properties are located in the Golden State.
Large Non-Performing GSE Portfolio Sells
A significant portfolio of non-performing government-sponsored enterprise single-family loans that hit the market last month has found a buyer.
Freddie Sells Over $500 Mil in Nonperforming Loans
More than $500 million in loans owned by the Federal Home Loan Mortgage Corp. have been sold through the auction process. A majority of the loans have been modified and fallen delinquent again.
Fannie Leads Agency MBS Issuance Lower
After leading agency issuance higher for two consecutive months, Fannie Mae was out front of a decline in securitizations last month. The spread between Freddie Mac's and Ginnie Mae's volume has been slashed from recent highs.
11-Yr Low For Fannie Serious Mortgage Delinquency
Serious mortgage delinquency on loans backed by the Federal National Mortgage Association tumbled to the lowest level in 11 years. Monthly business also improved.
Freddie to Buy Shared Equity Mortgages
In an effort to support homeownership in low-to mid-income markets, Freddie Mac will join its secondary mortgage cousin in purchasing shared-equity mortgages.
Freddie's Monthly Business Best This Year
Monthly secondary mortgage volume ascended to the highest level this year at the Federal Home Loan Mortgage Corp. Serious mortgage delinquency, meanwhile, descended to a fresh new post-crisis low.
Ginnie's Jumbo Issuance Sinks to 4-Year Low
As monthly issuance ascended to the highest level in nine months at the Government National Mortgage Association, jumbo securitizations retreated to a low not seen in nearly four years.