Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…
With Mel Watt’s term as FHFA director ending in early January, a new director appointed by President Trump is widely expected to take actions to reduce the GSEs’ footprint…
She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.
Originations of interest-only mortgages declined by 6.6 percent on a sequential basis in the third quarter among a group of lenders surveyed by Inside Nonconforming Markets. Total first-lien mortgage originations declined by 2.2 percent in that span. Fifteen lenders originated $4.74 billion of IOs in the third quarter. Some 33 percent of the lenders managed to increase their IO production on a quarterly basis, with large gains at Citadel Servicing, PNC Mortgage and ... [Includes one data chart]