Fannie Mae and Freddie Mac are regaining a solid chunk of the market share they have ceded in recent years to the booming nonconforming mortgage sector as a sobering focus on tighter underwriting and a rebound in fixed-rate originations... [Includes three charts]
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Standard & Poor’s this week said it will institute reviews of subprime originators, noting that fraud appears to have played a significant role in still-rising levels of defaults on 2006 vintage loans. The originator review process follows S&P’s placement of...
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Wells Fargo closed its subprime correspondent division last week, just one of several recent reminders that the subprime mortgage business is still has some miles to go on the road to recovery. In 2006, correspondent production accounted for 9.0 percent of...
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Mortgage industry forecasters expect new loan originations to continue trending lower into 2008, with new production levels sinking 10 percent in the second half of this year. The consensus forecast by economists at... [Includes one chart]
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The second quarter of 2007 appears to have produced record volume of new private mortgage insurance through traditional flow arrangements, while bulk activity also remained at high levels, according to the latest Bear Stearns analysis of industry data...
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he California Department of Corporations should stick to the standard on nontraditional mortgage issued by federal regulators rather than follow through with proposed embellishments that would put state lenders at a disadvantage, industry groups say. So far...
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One of the mortgage industry’s most infamous court cases, Culpepper v. Irwin Mortgage Corp., appears to have finally been concluded with the outcome sought by lenders. The 11th Circuit Court of Appeals this week issued its fourth decision in a case that has bedeviled...
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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