Nationwide, the average payment on a new mortgage is now $2,317 a month, according to a report from LendingTree, with monthly mortgage payments the most expensive in Hawaii, California, and Massachusetts.
Read More »Ginnie Mae MBS Portfolio Outstanding Expands to Nearly $2.3T
Ginnie Mae’s MBS portfolio grew for the 15th consecutive month in September, ending the fiscal year at nearly $2.3 trillion. Alongside financing more than 143,000 homeowners and renters, Ginnie Mae MBS supported financing for more than 64,000 first-time homebuyers last month.
Read More »Fannie Mae Executes CIRT Transaction on $19B of Single-Family Loans
Fannie Mae announced that it has executed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT ...
Read More »Cornerstone Home Lending Debuts New Mortgage Loan Servicing Operations
Customer care and leading technologies are at the forefront to help expand customer satisfaction during the loan origination and closing process.
Read More »Sagent Announces Multi-Year Extension with Gateway First Bank
A new deal is predicted to accelerate community-focused growth in banking and mortgage by combining digital simplicity with smart human advice, as Sagent announced a multi-year servicing partnership extension with Gateway First Bank. "Gateway is the future of financial services because they have proven how community banking ...
Read More »10 Cities with the Most Financial Distress from COVID-19
As businesses across the country are reopening and unemployment rates begin to creep back up, there is no doubt that there are still plenty of people struggling. The coronavirus pandemic has taken a massive financial toll on Americans, but some ...
Read More »A Lookback on Combined Loan-to-Value Ratios
An analysis of the CLTV ratio, by price bucket, shows that homebuyers in 2019 borrowed more for homes in the same price range than they did in 2015
Read More »Where Underwater Homes are Concentrated
According to a new report, a high volume of seriously underwater homes were heavily concentrated in these states.
Read More »Don Layton Explains CRT Process and Effectiveness
In the second part of his series on credit risk transfers, the former Freddie Mac CEO explains what makes the transactions effective, and what they need to function properly.
Read More »Southern States Dominating Non-Current Loan Volumes
Repayment activity ticked upward at the end of 2019, indicating a “flattening effect on refinance activity,” a new report indicated.
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