Construction Permits Up, Completed Constr Down
Even though the volume of housing permit issuance was up last month, the pace of completed construction slowed. Construction starts were little changed.
Regions Bank's Home Lending, Delinquency Improve
In Regions Financial Corp.'s mortgage business, earnings were lower and the servicing portfolio diminished. New originations and delinquency improved, however.
Ginnie's HMBS Issuance Falls to Nearly 4-Year Low
Reverse mortgage securitizations on behalf of the Government National Mortgage Association fell to an almost four-year low. Overall issuance was little changed.
FHA Endorsements Inch Up, Might Rise More
Monthly Federal Housing Administration business inched higher and might accelerate further. Delinquency turned sharply higher, and reverse mortgage production was the slowest it's been in four years. But commercial mortgage endorsements doubled.
Banks Maintain Mortgage Credit Standards
For most single-family lending programs, credit standards at banks were little changed during the second quarter. While demand for residential loans was up at a good share of banks, it was also down at a good share.
Mortgage Servicing, Originations Up at Citizens
Residential assets and servicing grew at Citizens Financial Group Inc. A quarter-over-quarter rise in home lending was accompanied by a drop in conforming share.
Fannie's Earnings Up, Delinquency at Decade Low
Quarterly earnings at the Federal National Mortgage Association improved, as did secondary activity and serious mortgage delinquency.
Industrial Leads CMBS Delinquency Down
Led by industrial properties, securitized commercial real estate loans saw stronger monthly performance. Apartment delinquency, however, worsened.
Profits Have Freddie Mac Paying Treasury Dividends
Quarterly earnings at the Federal Home Loan Mortgage Corp. improved, leaving the secondary lender with a tab from the Treasury Department for dividends. Secondary marketing production increased.
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.