The private-label U.S. residential mortgage-backed securities market should establish a new due diligence working group to drive grading, process and standardization improvements, said Fitch Ratings, New York.
Category: News and Trends
Composite Credit Default Rates Rise for 3rd Straight Month
Composite default rates rose for the third consecutive month in September, as the first mortgage default rate rose slightly, reported S&P Dow Jones Indices and Experian, New York.
MBA Comments on FHFA G-Fee Report
The Federal Housing Finance Agency this week issued its 2016 Report to Congress on Guarantee Fees, noting “competitive pressures” between Fannie Mae and Freddie Mac resulted in an average two basis-point drop in average single-family guarantee fees in 2016, from 59 basis points to 57 basis points.
Black Knight: Irma, Harvey Drive Surge in Past-Due Mortgages
Black Knight, Jacksonville, Fla., said a surge in past-due mortgages in Florida and Texas drove a rise in mortgage delinquencies for the first time since 2010.
FHFA Adds ‘Preferred Language’ Question to Uniform Residential Loan Application
The Federal Housing Finance Agency on Friday said it would add a preferred language question to the redesigned Uniform Residential Loan Application, despite concerns by the Mortgage Bankers Association and the real estate finance industry.
HUD Secretary Carson: Government Should Not Compromise Lending
DENVER–HUD Secretary Ben Carson said the department will champion the Trump Administration’s efforts to end regulatory burdens, saying the federal government should not “hinder” the role of private enterprise.
FHFA Adds ‘Preferred Language’ Question to Uniform Residential Loan Application
The Federal Housing Finance Agency on Friday said it would add a preferred language question to the redesigned Uniform Residential Loan Application, despite concerns by the Mortgage Bankers Association and the real estate finance industry.
HUD Secretary Carson: Government Should Not Compromise Lending
DENVER–HUD Secretary Ben Carson said the department will champion the Trump Administration’s efforts to end regulatory burdens, saying the federal government should not “hinder” the role of private enterprise.
FHFA Adds ‘Preferred Language’ Question to Uniform Residential Loan Application
The Federal Housing Finance Agency on Friday said it would add a preferred language question to the redesigned Uniform Residential Loan Application, despite concerns by the Mortgage Bankers Association and the real estate finance industry.
HUD Secretary Carson: Government Should Not Compromise Lending
DENVER–HUD Secretary Ben Carson said the department will champion the Trump Administration’s efforts to end regulatory burdens, saying the federal government should not “hinder” the role of private enterprise.