Freddie filed repurchase requests on some $361.6 million of 2012 originations during the first quarter of this year, according to figures compiled by Inside Mortgage Trends.
One of the best kept secrets in the servicing sector is a “bifurcated” mortgage program initiated by Fannie Mae that has been gathering momentum over the past six months.
The expanded system would include a more comprehensive method for measuring lenders’ loss mitigation activities as well as their compliance with FHA’s default servicing requirements.
The Congressman argues that if the two are not allowed pay down their draws from Treasury “then any future funds sent" to the U.S. should be reinvested in the housing market.
There is a whole other level of supervisory and enforcement authority available to the bureau under a director approved with the consent of the Senate, mostly having to do with non-bank lending.
Mortgage performance has been boosted in recent years by home price appreciation, even with a move toward less borrower-friendly loan modifications. Industry analysts expect that mortgage performance will continue to improve and loan modification activity will decline significantly. National average home prices in the first quarter of 2013 were up by 6.7 percent compared with the first quarter of 2012, according to the Federal Housing Finance Agency’s house price index. During that time ...
Things are looking up in the private mortgage insurance business as the market becomes more stable and the industry could turn a profit in the near future, according to a new analysis by Standard & Poor’s. Mortgage Guaranty Insurance Corp.’s and Radian Guaranty Inc.’s debt and equity increases in the first quarter, as well as the restructuring implemented by Genworth Mortgage Insurance Corp., have raised analysts’ hope and mitigated concerns about capital and the potential for any ...
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