MSRs on Fannie Mae Loans Up for Bid
Mortgage servicing rights on nearly $2 billion in home loans backed by the Federal National Mortgage Association have been put up for auction.
Non-performing GSE Portfolio Sells
A Freddie Mac offering sold through an auction process had three residential pools with over $300 million in non-performing mortgages.
Fannie Addresses Layered Risk High DTIs
A growing share of loans with high debt-to-income ratios and other high risk factors has recently concerned mortgage insurers and prompted a policy change at Fannie Mae.
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.