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Inside Nonconforming Markets

April 13, 2007

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Alt A Loans Hurt M&T, American Home Mortgage

M&T Bank and American Home Mortgage are expecting reduced earnings for the first quarter of 2007, citing a poor secondary market for Alt A loans. While the announcements do not come as much of surprise, they are first public acknowledgement from major... Read More

Fannie and Freddie Keep Building IO Volume

Banking regulators are wary of them and consumer advocates are howling about them, but interest-only mortgages are getting increasingly popular at Fannie Mae and Freddie Mac, according to a new ranking and analysis by... [Includes one chart and one graph] Read More

More Problems Ahead for Alt A, Analysts Say

More analysts are predicting increased trouble in the Alt A mortgage market over the coming year. “Delinquency rates on subprime and Alt A mortgages have roughly doubled within the past year and show no signs of moderation,” said David Liu, head of mortgage credit... Read More

A Difficult Year Ahead for IndyMac

Major Alt A lender IndyMac appears to be on the brink of serious trouble, as loan performance weakens and delinquencies increase, according to analysts at Bank of America. While IndyMac’s loans have performed better than the industry average in the past, the company... Read More

Servicers Offer Loan Modifications, Incentives

As servicers pursue loan modifications to help delinquent borrowers avoid default, amortization rates are much more likely to be modified than interest rates, according to participants in a recent audio conference sponsored by Inside Mortgage Finance Publications... Read More

OFHEO, Fannie, Freddie Quiet on Guidance

Fannie Mae, Freddie Mac, and the Office of Federal Housing Enterprise Oversight are withholding details of how the two GSEs plan to implement the interagency guidance on nontraditional mortgage products, other than to say they’ve been in discussions... Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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