Average loan-to-value ratios and debt-to-income ratios on loans securitized by Fannie Mae and Freddie Mac were slightly lower and credit scores edged slightly higher during the fourth quarter, according to a new Inside Mortgage Trends analysis. The average LTV ratio edged down from 78.53 percent in the third quarter to 77.54 percent in the final three months of 2012. The average DTI ratio declined slightly, from 31.92 percent to 31.88 percent, while the average ... [Includes one data chart]
The ink is hardly dry on the final residential servicing regulations promulgated by the Consumer Financial Protection Bureau, but mortgage bankers are already worrying about meeting the implementation date, which is less than 11 months away. But there is some good news. According to panelists speaking during an Inside Mortgage Finance webinar this week, its likely that the agency will extend the deadline beyond January 2014. Larry Platt, of K&L Gates, and Michael Waldron, of Ballard Spahr ...
Officials in the financial services sector are making a fresh push to alert the mortgage and residential mortgage-backed securities industries to the potential pitfalls that delinquent homeowner association accounts pose for them. The securitization industry has little understanding of homeowner and other types of community associations, collectively referred to as HOAs, said Jason Serrano, co-head of structured products and managing director for securities at Oak Hill Advisors ...