The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.
MorVest Capital recently closed out its auction of $528 million of Fannie Mae MSRs. Without providing too much in the way of detail, MorVest CEO David Fleig told IMFnews the bids were “very strong.”
HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...