Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.
Brokers and others who do business with Nationstar Mortgage said theyve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.
Mortgage buybacks can vary significantly among seller/servicers because its driven by business and legal processes rather than current market dynamics.
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.
An estimated 86.4 percent of new mortgage originations were packaged into MBS during the first half of 2013, according to a new Inside MBS & ABS analysis. Despite some growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through Fannie Mae, Freddie Mac and Ginnie Mae. Securitization rates generally climb...