The nationwide shortage of housing inventory is a daily topic in the industry in 2018, with accelerating home prices combining with inventory shortfalls to make it very difficult for many potential homebuyers to find an actual home to purchase. The ...
Read More »Single-Family Rental Summit Dives Deep Into Investment Opportunities
This week an array of housing and mortgage professionals are assembling at the Renaissance Nashville Hotel in Nashville, Tennessee, as the 2018 Five Star Single-Family Rental Summit kicks off. The three-day event began Monday evening with an opening night reception ...
Read More »MPF Program and Ginnie Mae Surpass $1 Bn in MBS
The MPF Program recently surpassed $1 billion in mortgage-backed securities (MBS) issued. The MPF Government MBS product was the result of a partnership forged by the Federal Home Loan Bank of Chicago and Ginnie Mae to issue securities guaranteed by ...
Read More »Fannie Offers Sixth Sale of Reperforming Loans
On Tuesday, Fannie Mae announced its sixth sale of reperforming loans. Reperforming loans are mortgages that had become delinquent, but which have recovered thanks to borrowers either catching up on their payments or working to secure loan modifications. This sixth ...
Read More »Reverse Mortgage Securities Market Booming—for Now
February 2018 was an excellent month for investors in reverse mortgage securities. According to New View Advisors, a financial services advisory firm located in New York, issuers of home-equity conversion mortgage-backed securities (HMBS) sold 129 pools in February, totaling $1.47 ...
Read More »Refis Rise on Low Purchase Market
Refinance loans saw more closings than any other mortgage loan in January, with refis representing 45 percent of all closed loans, according to the monthly Origination Insight Report published by Ellie Mae on Wednesday. The percentage of FHA refinances increased to 28 percent of ...
Read More »Former Washington Mutual Parent Company Acquires Mr. Cooper
Nationstar Mortgage, the Coppell, Texas-based mortgage servicing company that recently rebranded itself as Mr. Cooper in an effort to grow out of a niche closely associated with the Great Recession, is merging with the holding company that formerly owned Washington ...
Read More »Blend to Further Digital Mortgage Process With Fannie Mae
Blend, a California-based technology company created to drive the consumer lending industry into the digital age, recently announced it’s the first end-to-end platform will be approved to provide asset verification reports for the Desktop Underwriter (DU) validation service, a component ...
Read More »For Sale: Freddie Mac’s First NPLs of 2018
Freddie Mac has announced plans to sell off a pool of $420 million in nonperforming loans—marking the first sale of its kind this year.
Read More »For Single-Family Rentals, Low Vacancy Rates Mean Rent Growth
CoreLogic has released its February U.S. Economic Outlook, with the spotlight this month turning toward the single-family rental market, and specifically the relationship between vacancy rates and rent price growth. As explained by CoreLogic Chief Economist Dr. Frank Nothaft, single-family ...
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