Rebounding from its massive accounting overhaul, Freddie Mac last year stormed back into the MBS market with a hefty $325.6 billion of total mortgage securities purchases, its second biggest annual volume ever...
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Moody’s Investors Service has issued new guidelines for coding the methods that mortgage lenders use to verify and document borrowers’ income and assets. As it unveiled the latest...
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Option ARMs are still a relatively new feature of the mortgage market landscape. But originators are already overhauling the product, tweaking key features to improve performance and extending their life to stretch their affordability benefits...
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Nearly 10 percent of homeowners with adjustable-rate mortgages will experience rate resets this year, according to a new study by Harvard University’s Joint Center for Housing Studies. The study warns that if the economy and home price appreciation falter, borrowers with ARMs and subprime mortgages are more likely to default...
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What activities can a mortgage servicer engage in without violating the restrictions on permissible activities imposed on a qualifying special-purpose entity? The Financial Accounting Standards Board...
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The Federal Home Loan Bank System continued to grow its holdings in the MBS marketplace in the first quarter of the year, increasing its total of mortgage-backed securities portfolio to $124.4 billion, up 9 percent over last year’s figure, according to an analysis and ranking by Inside The GSEs, an affiliated newsletter...
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The combination of a strong housing market, higher loan balances, and lower interest rates have helped reduce the loss severity on defaulted mortgages, especially subprime loans, according to a Countrywide analyst...
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