Some servicers in recent years have tapped the securitization market to help finance the purchase of mortgage servicing rights. Structures for deals from three nonbanks have varied significantly, ac-cording to an analysis by Moody’s Investors Service.
The credit-risk transfer programs at Fannie Mae and Freddie Mac suggest that the two government-sponsored enterprises are charging MBS guarantee fees that are somewhat higher than market ex-pectations, according to a new Federal Housing Finance Agency report.
There may be more room for private investors in the secondary mortgage market sooner than ex-pected, if congressional testimony this week from Federal Reserve Gov. Jerome Powell, President Trump’s nominee to replace Fed chief Janet Yellen, is a reliable indicator.
Velocity Commercial Capital is preparing to issue its second commercial MBS of the year backed by mortgages on residential investment properties and smaller commercial properties. The issuer’s deals have experienced some delinquencies but losses have been minimal.
Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…
The vast majority of commercial banks and savings institutions that do mortgage banking – either directly or through a subsidiary – generated a profit from the business during the third quarter, according to a new analysis by Inside Mortgage Trends of bank call reports.
According to figures compiled for the National Mortgage Database and analyzed by Inside Mortgage Trends, for much of the past decade there has been a saw-tooth pattern that finds late payments begin increasing in November of each year before peaking in January.
The share of minority mortgage borrowers has shrunk over the last 10 years with the number of loans originated now nearly half of what it was at the peak of the lending boom, according to a recent report from The Urban Institute.
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