Black Knight said the Fannie/Freddie forbearance measurement fell by 15,000 units while the FHA count increased by 5,000. The private-label/portfolio tally rose by 10,000 loans.
The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…
In a new filing with the SEC, Mr. Cooper disclosed that after accounting for a modest increase in the value of its mortgage servicing rights, the new GSE LLPA will reduce the value of the loans in its pipeline by approximately $20 million...
In a nutshell, retail lenders gorged on refis: Roughly 62.8% of refi loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter came through the channel...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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