Approximately 30 percent of survey respondents aged 18 to 29 said they would put off buying a house because of the burden of student loan debt, according to study done last year by Black Knight Financial services.
Lenders originating agency mortgages are seeing plenty of demand in the secondary market, according to panelists at the California Mortgage Bankers Association’s Western Secondary Market Conference this week in San Francisco. “Capital is searching for a home,” said Rob Branthover, a managing director at Mortgage Industry Advisory Corp. He noted that many investors are focusing on agency mortgages. Mike Duncan, a senior hedge manager at Compass Analytics, said...
Troubled waters are ahead for mortgage servicers as 12 of the 27 largest rated shops experienced portfolio declines in the first quarter of 2016, according to Fitch Ratings. Fitch data showed modest portfolio declines for the five banks and seven nonbanks, ranging from less than 1 percent to a little more than 6 percent. Nonbanks, totaling 17, outnumbered the banks. Statebridge Co. experienced...