Daily Dose

For newly originated mortgages, default risk is on the rise. What is the takeaway for investors and lenders?

High performance of first-lien mortgages and declining foreclosure activity spelled a healthy servicing market for the first quarter of 2016, according to the OCC.

The goal of the FHFA's non-performing loan sales is to help borrowers avoid foreclosure. But the Agency's report indicated that the majority of NPLs sold by the GSEs have not achieved any outcome at all.

Having fallen below its 2016 cap of $339.3 billion in March, Fannie Mae’s gross mortgage portfolio contracted further in both April and May.

Freddie Mac has obtained three new insurance policies under its Agency Credit Insurance Structure (ACIS) program, representing the largest aggregate transaction to date, and a new milestone reached.

HUD's Distressed Asset Stabilization Program has been heavily criticized by housing advocacy groups and activists. What changes did the Department make to the program with the goal of achieving the best outcomes for borrowers?

In the latest Nowcast, Ten-X discusses projections for the housing market in the face of recent economic headwinds and the possible effects of last week's Brexit vote on housing.

The Fed did not object to Morgan Stanley’s capital plan, but the firm is required to submit a new plan by December 29, 2016, in order to address weaknesses found in its capital planning process.

For the last three years, the GSEs have engaged in a number of credit risk sharing transactions to transfer more risk to private investors; most of these transactions, however, have been of the back-end variety.

The collateral is comprised of Option Adjustable-Rate Mortgages (ARMs) and loans that were originated as Option ARMs but were later modified, according to Freddie Mac.