Freddie's New Business Sinks to 12-Month Low
It's been a year since secondary activity was this low at the Federal Home Loan Mortgage Corp. Delinquency, meanwhile, fell to a new post-crisis low.
Approvals Automated for Nontraditional Credit
Loan applicants who don't have a traditional credit scores will soon be able to obtain automated approvals using nontraditional credit.
GSEs Move 1 Step Closer to Common Security
Following the successful implementation of the first phase of a common mortgage-backed security, the government-sponsored enterprises are moving on to phase 2.
Executive Changes in Mortgage Boardrooms, C-Suites
During the past week, there have been boardroom changes at a mortgage servicer and government-sponsored enterprise. One firm appointed an interim chief financial officer.
GSE Reform Could Significantly Impact Home Finance
A ratings agency report indicates that reforming the government-sponsored enterprises could have wide-reaching implications for a range of sectors and entities.
Freddie Unloads Nonperforming Mortgages
A portfolio of deeply delinquent residential loans has been sold through the auction process by the Federal Home Loan Mortgage Corp.
5-Month Low for GSE Refinances
Refinances of residential loans backed or owned by the government-sponsored enterprises slowed to the lowest level in five months.
Over $3 Billion in Fannie Mae Loan Sales
A pair of transactions, one a closed sale and the other a loan offering, include more than $3 billion in Federal National Mortgage Association loans.
CMBS Delinquency Worsening
Although the rate of past-due payments on most commercial real estate loans stands near record lows, securitized CRE loan performance is worsening.
Gov Programs Lead Easing in Mortgage Credit
For six consecutive months now, home lenders have made it easier to qualify for a mortgage. Government lending requirements led the latest loosening.