MSRs For Sale on Small GSE Portfolio
An auction is being held for the servicing on a very small portfolio of government-sponsored enterprise mortgages. The portfolio is concentrated in the eastern half of the country.
New Low for GSE Refinances
Monthly refinances of government-sponsored enterprise loans sank to the lowest level on recent record. Refinances of Federal Home Loan Mortgage Corp. loans suffered most.
Bids Sought for MSRs on Over $3 Bil in Agency Loans
Servicing rights on more than $3 billion in agency loans are being auctioned off. A majority of the portfolio is government mortgages, and there is a Southeast concentration.
GSEs Unloading Nearly $6 Bil in Reperforming Loans
The government-sponsored enterprises are moving nearly $6 billion in reperforming residential loans off of their balance sheets.
Tiny Offering of GSE MSRs
A tiny portfolio of servicing rights on single-family loans that are backed by the government-sponsored enterprises is being sold through the auction process. There is an East Coast concentration.
Post-Crisis High For Mortgage Credit Availability
Credit conditions in home lending were more relaxed last month than at any time since the financial crisis. Out front of the loosening were jumbo mortgages. But government conditions tightened.
Buyer Sought for Small GSE MSR Portfolio
Bids are being sought for the servicing on nearly $300 million in government-sponsored enterprise residential loans with a Golden State concentration.
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.
Fannie Drives Up Agency MBS Issuance
With a little help from its government-owned counterpart, the Federal National Mortgage Association drove overall issuance of agency mortgage-backed securities higher just one month after retreating.
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.