For Sale: MSRs on Over $3.5 Bil in Ginnie Loans
The servicing on more than $3.5 billion in Government National Mortgage Association loans are being auctioned off to the highest bidder. There is a modest concentration in the Lone Star State.
MSRs For Sale On Over $2 Bil in Agency Loans
Loan servicing rights on more than $2 billion in agency home loans are being marketed for sale. The loans are geographically distributed, and nearly two-thirds of loans were third-party originations.
Over $6 Billion in GSE Mortgages Sold
More than $6 billion in government-sponsored enterprise mortgages that were previously non-performing have been sold through the auction process.
Nationstar Mortgage Reports Solid Originations
Home lending increased on a quarter-over-quarter and year-over-year basis at Nationstar Mortgage Holdings Inc. Servicing slipped, earnings swung to a profit, and delinquency declined..
Monthly Issuance Rises at Ginnie Mae
A modest improvement was made in monthly securitization volume at the Government National Mortgage Association. But a year-over-year drop was also reported.
Mortgage Originations Up at Chase, Servicing Down
Although quarterly mortgage earnings deteriorated from a year ago at JPMorgan Chase & Co., company-wide income rose. Mortgage originations fell, as did servicing and headcount.
Tiny GSE MSR Portfolio For Sale
Mortgage servicing rights on less than $200 million in government-sponsored enterprise loans with a three-state concentration are being marketed for sale to the highest bidder.
Jumbo Lending Lots Looser as Lenders Fight for Biz
Residential lenders relaxed credit requirements last month to the most flexible level since January. Driving the improvement were ambitious lenders fighting for jumbo business.
Max Non-QM Loan Amount Raised to $5 Million
A nonprime correspondent investor has raised the maximum loan amount to $5 million for some of its programs that allow the origination of loans that don't meet Qualified Mortgage requirements.
MSRs On Nearly $5 Billion in GSE Loans Sold
As it continues taking steps to stem mortgage banking losses, HomeStreet Inc. has sold mortgage-servicing rights on nearly $5 billion in government-sponsored enterprise loans.