M.I. Firms Warn About Freddie Pilot
The nation's mortgage insurance companies are warning about a new pilot program that enables Freddie Mac to bypass traditional mortgage insurance.
GSE Refinances Sink to 6-Month Low
Monthly refinances of government-sponsored enterprise mortgages plunged to the lowest level in six months as government-supported refinance volume fell to a new low.
Over $1 Billion in Non-Performing GSE Loans Sold
Winning bids have been announced for a pool of more than $1 billion in government-sponsored enterprise residential loans that are not performing.
Offering of MSRs On Over $6 Billion in GSE Loans
An offering of mortgage-servicing rights on more than $6 billion in government-sponsored enterprise loans with a California concentration has just hit the market.
Huge Reperforming GSE Loan Offering
Nearly $2 billion in residential loans that were previously classified as delinquent are being offered for sale to the highest bidder.
CMBS Delinquency Sinks
While there was little change in performance on commercial real estate loans owned by life insurers, securitized CRE loan delinquency plunged. The rates were mixed for loans backed by the government-sponsored enterprises.
24-Month Low for Ginnie MBS Issuance
Ginnie Mae mortgage securitizations tumbled to the slowest pace in 24 months, dragging down overall monthly agency issuance also to a 2-year low.
MSRs on Over $700 Million in Loans For Sale
Bids are being solicited for mortgage servicing rights on more than $700 million in agency home loans with a three-state concentration.
Fannie's New Business Lowest in 8 Months
It has been eight months since new business at the Federal National Mortgage Association was as low as it was in January. Delinquency, meanwhile, improved.
23-Month Low for Freddie's New Business
New monthly business fell to the lowest level in nearly two years at the Federal Home Loan Mortgage Corp. Serious delinquency on residential loans, however, improved.