Subscribe: - Mortgage News Headlines
Preview: - Mortgage News Headlines - Mortgage News Headlines

Mortgage Industry News for the Mortgage Industry

Last Build Date: Tue 20 Feb 2018 23:05 GMT


MSRs On $2 Bil in Agency Loans Being Auctioned

Tue 20 Feb 2018 23:05 GMT

Bids are being accepted for an offering of mortgage servicing rights on nearly $2 billion in agency residential loans. The deal has a three-state concentration.

In all, MSRs on 10,350 agency residential loans that had an aggregate unpaid principal balance of $1.925 billion as of Jan. 31 are being auctioned.

Fannie Mae loans account for $0.131 billion of the total, Freddie Mac mortgages make up less than $0.001 billion and Ginnie Mae loans represent the bulk of the offering: $1.794 billion.

Best Mortgage Employers of 2018

Tue 20 Feb 2018 22:25 GMT

Five mortgage-related companies were rated among the country's 100-best employers by their workforce. The top-rated mortgage firm has made the list each of the last 15 years.

The best employer among all U.S. industries for 2018 was, where 94 percent of the more than 17,000 employees say the workplace is great.

San Francisco-based salesforce's employees also say it is committed to learning and innovating -- keen to try new things, and always ready to support new ideas.

Mortgages O/S Up, Post-Recession Low for Lates

Tue 20 Feb 2018 21:35 GMT

The collective balance of residential loans outstanding increased in the final quarter of last year, while mortgage delinquency fell to the lowest level since the recession.

There were 53.2 million single-family loans outstanding as of the fourth-quarter 2017 that had an aggregate unpaid principal balance of approximately $10.732 billion.

America's book of mortgage business grew from the preceding three-month period, when 52.7 million loans were outstanding for $10.509 billion.

Supreme Court Deals Blow to GSE Investors

Tue 20 Feb 2018 18:38 GMT

The Supreme Court has denied a request by speculative investors in the government-sponsored enterprises to reconsider a case against the government. The decision could open the door to an initial public offering.

At issue are Senior Preferred Stock Purchase Agreements put in place with the Department of the Treasury when Fannie Mae and Freddie Mac were thrust into conservatorship in 2008.

An August 2012 amendment made to the PSPAs required that Fannie and Freddie pay a variable dividend to the Treasury based on the amount that their net worth exceeded the required capital buffer.

Alternative Valuations Could Hurt RMBS Quality

Tue 20 Feb 2018 17:41 GMT

Increased utilization of alternative real estate valuations could have a negative impact on the quality of residential mortgage-backed securities. But there are some positives to the shift.

In an effort to cut operational costs, increase efficiencies and address the declining number of real estate appraisers, home lenders are expected to use more appraisal alternatives.

The alternatives include hybrid appraisals, broker price opinions and automation valuation models. Each method presents different strengths and challenges.