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National Mortgage News - November-December 2024
More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.
Ginnie Mae finalizes reverse-mortgage buyout relief terms
2024年11月25日 · The industry has united behind HMBS buyout relief because, due to interest rate conditions and the composition of the market in recent years, the volume of loans hitting their maximum claim amount has been high.. That's made managing buyouts costly for issuers, in some cases forcing lenders to hold them on financing lines for prolonged periods of time.
Mortgage application activity picks up for second week in a row
2024年11月20日 · The seasonally adjusted Purchase Index saw a 2% seasonally adjusted rise. The Refinance Index also increased similarly by 1.8%. "The pickup in purchase applications was driven by conventional and FHA loans," Kan noted.
Fannie Mae's 2025 forecast turns bearish | National Mortgage News
2024年11月21日 · That is a significant revision in comparison to October's call for rates to be at 6% in the final three months of the year. The 30-year fixed rate average will moderate over the next four quarters, but only drop to 6.3% by year-end 2025, and …
Mortgage delinquencies rise but foreclosures lag - National …
2024年10月23日 · The total delinquency rate, defined as loans 30 days or more late on payment but not yet in foreclosure, was 3.48% in September. That was an increase of 4.3% compared to August's 334 basis point rate and up by 5.74% compared with September 2023's rate of 329 basis points.. This data follows the Mortgage Bankers Association's recent report that performance on loans that had been in forbearance ...
Fed rate cut, industry lawsuits: Top mortgage news September 2024
2024年10月9日 · Mortgage rates continued to tumble closer to the 6% mark, even before taking into account the full impact of the 50 basis point cut in short-term rates by the Federal Open Market Committee. But the Fed's actions shouldn't start an origination uptick for the mortgage industry, according to one long-time veteran.
Banks warily optimistic on mortgages but volatile rates a concern
2024年11月18日 · "As we continue to expand our business, the addition of Mohamed to our team ensures that we remain well positioned to grow our portfolio, while providing customers with a best-in-class experience," Thomas Berger, Provident's mortgage warehouse lending team leader, said in a press release.
Top 20 banks by retail mortgage volume in Q3
2024年12月9日 · The top five lenders in our ranking had an average retail mortgage origination volume of nearly $7 billion at the end of the third quarter. Most lenders saw an increase in business between the second and third quarters, and PNC Bank achieved a …
Mortgage default levels are providing a warning sign
2024年11月22日 · October's total delinquency rate — loans 30 days or more late but not yet in foreclosure — was 3.45%, the First Look report found. While that was down by 0.79% from September, the year-over-year change of 5.95% represents five …