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Quality of Mortgage Originations Shows Ongoing Decline
Continued Deterioration in Origination Quality Still better than pre-crisis Oct. 26, 2018 By Mortgage Daily staff As home lenders and investors have recently been a little more relaxed about credit qualifications compared to just after the crisis,...
Mortgage Origination Quality Continues to Deteriorate
As home lenders and investors have recently been a little more relaxed about credit qualifications compared to just after the crisis, mortgage quality has weakened. Still, quality is better than before the crisis. During the past three years, the...
Government Mortgage News – 2018
Government Mortgage News FHA profile | Ginnie Mae profile Last Updated October 26, 2018 9:22 AM Central Best Mortgage Lenders By Category A report based on a recent survey of consumers who were shopping for a residential loan has...
Business Falls to 6-Month Low at Freddie
New business at the Federal Home Loan Mortgage Corp. retreated to its lowest level in six months. Delinquency, meanwhile, remained at its lowest level in a decade. When September was over, Freddie Mac's total mortgage portfolio stood at $2.1513...
Mortgage Rates Jump 92 Basis Points Compared With Last Year
Over the past year, weekly fixed interest rates on single-family loans have soared 92 basis points. But little change was reported from last week, and more of the same is expected. On conventional loans utilized to finance a home purchase with...
Mortgage Loan Servicing News
Mortgage Loan Servicing News servicing portfolios | delinquency statistics Last Updated October 25, 2018 4:59 PM Central Business Falls to 6-Month Low at Freddie New business at the Federal Home Loan Mortgage Corp. retreated to its lowest level in...
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Hilltop’s Originations Up, Mortgage Earnings Down
Home lending volume accelerated at of Hilltop Holdings Inc., though mortgage earnings deteriorated. Servicing expanded, while staffing was down. Hilltop Holdings Inc., the parent of PrimeLending, disclosed in its second-quarter earnings reported...
Mobile Usage Diminishes In Mortgage Servicing
After deteriorating last year, borrowers' satisfaction with mortgage servicers was no better this year. One interesting observation was that mobile usage slowed. The best servicers were ranked. The J.D. Power 2018 Primary Mortgage Servicer...
New Post-Crisis Low for Freddie’s Delinquency
Secondary activity at the Federal Home Loan Mortgage Corp. in on pace to see an annual drop. Serious delinquency, meanwhile, fell to a new post-crisis low. McLean, Virgina-based Freddie Mac reported in its Monthly Volume Summary: June 2018 that its...
Small Agency MSR Portfolio Being Marketed
Servicing rights on a small portfolio of residential agency loans with a heavy concentration on the West Coast are being marketed through the auction process. The offering is for mortgage servicing rights on 1,181 single-family loans that had a...
Losses Continue at Ocwen, Originations Down
At a time when most of the industry is seeing origination gains, Ocwen Financial Corp. had a decline. Losses continued, and staffing was diminished, but delinquency improved. Ocwen's second-quarter earnings report reflected more than $28 million in...
Mortgage Rates Rise, Could Climb More
Mortgage rates inched up this past week and could extend the increase in next week's report. One longer-term forecast has the escalation continuing through the end of the year. Freddie Mac's Primary Mortgage Market Survey indicated that 30-year...
Radian’s Earnings, Delinquency & New Biz Improve
Radian Group Inc. swung to a big profit from a quarterly loss a year previous. New policies written increased, the book of business expanded, and delinquency decreased. Consolidated pre-tax income swung to a $181 million second-quarter profit from...
Tariffs, Trade War Dampen New Home Sales
New house sales turned sharply lower last month, and home builders blame escalating trade tensions for the weak showing. Still, sales in the Northeast soared. The sale of newly constructed single-family homes worked out to 57,000 units during June,...
MSRs Offered on $3.6 Billion in Ginnie Mae Loans
The servicing on more than $3.6 billion in government mortgages are being auctioned to the highest bidder. A significant share of the portfolio is secured by Golden State properties. Mortgage-servicing rights are being offered on 14,102Â Ginnie Mae...
HomeStreet Mortgage Losses Widen as Staff Cut
HomeStreet Inc. reduced the size of its residential servicing portfolio, and cut the size of its mortgage staff, but mortgage losses still widened. Home lending was busier, though. HomeStreet's second-quarter earnings report revealed $9 million in...
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