January 2014 marked the fourth month in a row where combined agency securitization included more purchase-money mortgages than refinances, according to Inside MBS & ABS.
Also, the CFPB is considering requiring more underwriting and pricing information, such as the interest rate, total origination charges, and discount points.
Among other issues, the GAO found that for three of the servicers, their denial rates were significantly higher for Hispanics than for the comparison population of non-Hispanic whites.
New production of single-family agency MBS in January 2014 fell to its lowest monthly volume in five years, according to a new market analysis and ranking by Inside MBS & ABS. Fannie Mae, Freddie Mac and Ginnie Mae generated a total of $67.82 billion in single-family MBS last month, a 10.4 percent drop from December 2013. It was the weakest monthly issuance since January 2009, when $64.39 billion of new agency MBS were produced as world financial markets tried to recover from collapse. Market conditions if you dont consider the weather outside were...[Includes one data chart]
Despite the findings of the Inspector General's office regarding appraisal reviews, the GSEs recent books of business are considered to be of pristine quality.
Mortgage executives are praying that even though eminent domain plans have been talked about and brought to a vote in a handful of cities, that it never gets used.