Fannie Mae Eases M.I. Termination Requirements
The Federal National Mortgage Association is making it easier for borrower to cancel mortgage insurance through valuation alternatives and looser loan-to-value ratios.
Freddie Refinances Drive Down Overall GSE Refis
Although monthly refinances of Federal National Mortgage Association loans moved higher, a decline in refinances of Federal Home Loan Mortgage Corp. loans left volume at the lowest level in a least seven years.
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.
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.
Mortgage Insurers Warn About GSE-Paid M.I.
The nation's mortgage insurers are raising red flags about a new enterprise-paid mortgage insurance product at the Federal National Mortgage Association.
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.
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.
Agency MBS Issuance Up Despite Decline at Fannie
A dip in monthly securitizations at the Federal National Mortgage Association was more than offset by an increase in activity at both of its two housing finance counterparts.
Fannie Mae Delinquency Lowest Since 2017
As serious mortgage delinquency fell to the lowest level since last year at the Federal National Mortgage Association, new business jumped to the second-highest level this year.