Day 1 Certainty Cuts Loan Origination Turnaround
Mortgage bankers that utilize the Federal National Mortgage Association's Day 1 Certainty can cut there turnaround by as much as a third.
New Post-Crisis High for Mortgage Credit Conditions
Home lenders were more flexible with loan approvals last month than at any time since the financial crisis. Jumbo conditions eased most as investor offerings expanded.
Wave of Mortgage Executive Appointments
From the board room to the C-Suites to the executive suites, home lending organizations have recently been busy appointing, recruiting and promoting new leaders and directors.
Fannie's Multifamily Lates Climb to 7-Month High
Monthly secondary marketing activity at the Federal National Mortgage Association turned lower. In its commercial business, delinquency deteriorated on apartment loans.
Freddie Leads Agency MBS Issuance Higher
Freddie Mac was out front of a month-over-month ascension in the issuance of agency mortgage-backed securities. It was a different story for Ginnie Mae.
CRE Loan Performance Improves
Quarterly delinquency on commercial real estate loans retreated for most investor types. Commercial mortgages owned by financial institutions matched the lowest rate in at least 24 years.
New Business Jumps to 2017 High at Freddie
It's been nearly a year since secondary mortgage activity at the Federal Home Loan Mortgage Corp. was as strong as it was last month.
Bigger Increase in Conforming Limit for 2018
After being raised for the first time in more than a decade, next year's conforming loan limit has been lifted by nearly $30,000 -- far more than the previous increase of over $7,000.
October's Servicing Transfers Sink
Servicing transfers last month tumbled from September as a result of a massive sale the previous month by the home-lending unit of Citigroup Inc.
Over $100 Million in Non-Performing GSE Loans Sold
Two organizations were the winning bidders on a government-sponsored enterprise offering of over $100 million in non-performing mortgages.