Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter, up from $2,023 per loan in the second quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
MISMO®, the real estate finance industry standards organization, announced it is standardizing the bid-wanted in competition dataset format to facilitate accuracy, liquidity and rapid pricing for agency mortgage-backed securities transactions.
The Mortgage Bankers Association, in a Nov. 23 letter to the Federal Housing Finance Agency, offered a series of recommendations to improve a proposed regulatory capital framework rule for Fannie Mae and Freddie Mac.
The Consumer Financial Protection Bureau on Nov. 16 issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
The Federal Housing Agency reported Fannie Mae and Freddie Mac sold nearly 131,000 non-performing loans with a total unpaid balance of $24.5 billion through June 30.