The ever-growing amount of equity seniors hold in their current homes is likely contributing to another phenomenon, as more owners are passing their property onto their heirs, who are keeping it as a place to live. Processing Content Americans 62 and older as a group now hold $14.66 trillion of total equity as of the […]
Record senior equity shifts to heirs, not the open market Read More »
Long-standing plans at Ginnie Mae to enable loan-level servicing transfers in its mortgage-backed securities could move faster this year under its President Joseph Gormley. Processing Content “Ginnie Mae is increasing the velocity of the initiative to evolve its security platform from pool-level operation to loan-level,” the government guarantor wrote in its annual report, calling this
Ginnie Mae speeds up loan-level MBS overhaul Read More »
Treasuries opened with bids this morning in what looks like a continuation of the recoveries which began last Tuesday for the 10-year and 30-year, though not so much for the 5-year. Processing Content From low yields posted the week before last, the charts of the various maturities look so different they may as well be
Treasury curve sends conflicting signals pre-Fed Read More »