RMBS Issuance Likely to Climb Despite Rising Rates
Although an expected increase in interest rates is likely to put a dent in annual mortgage originations, issuance of residential mortgage-backed securities is still expected to rise.
Freddie Eases Appraisal, Condo & Jumbo Policies
Changes being made by the Federal Home Loan Mortgage Corp. relax requirements for appraisals, condominiums and jumbo mortgages. Also impacted are assets used to make payments.
M.I. Firms Integrate With LOS
Two mortgage insurance companies have integrated with two loan origination systems, while a correspondent aggregator implemented an LOS. Meanwhile, data from a reverse mortgage LOS indicates significant growth in that market.
Large Portfolio of Reperforming GSE Loans Sold
A winning bidder has been announced for an offering of more than $2 billion in reperforming government-sponsored enterprise mortgages.
GSEs Offer High LTV Refinance Option
A new refinance program has the government-sponsored housing enterprises refinancing real estate loans regardless of the loan-to-value ratio.
Mortgage Bankers Relax Credit 3rd Month in Row
For the third month in a row, home lenders have been more aggressive about which loan applicants they will approve. Conforming credit eased the most.
Massive MSR Portfolio Trading Hands
Ownership of mortgage servicing rights on a large portfolio of government-sponsored enterprise single-family loans is trading hands.
Buyers Sought for MSRs on $430 Mil in Agency Loans
Bids are being taken for mortgage-servicing rights on more than $400 million in agency home loans with a concentration in California.
Agency MBS Issuance Highest in 7 Months
With the Federal National Mortgage Association leading the way, agency mortgage securitizations climbed to the highest level in seven months.
Fannie's Delinquency Drops to New Post-Crisis Low
Again, serious delinquency at the Federal National Mortgage Association has fallen to the lowest level in the past decade. New business maintained.