An integrated solution involving four key areas needs to come to fruition in order to solve the affordable housing crisis, the National Association of Mortgage Brokers argues in its latest white paper. Processing Content Those points were listed in a document accompanying the white paper and include: Increasing the housing supply Reducing regulatory barriers Lowering […]
NAMB outlines 4-part housing affordability fix Read More »
Fannie Mae and Freddie Mac will be providing new loan-level disclosures about interest-rate buydowns in mortgage-backed securities this spring to address investor interest in tracking their use, which can impact prepayments. Processing Content The new disclosures applicable at the government-sponsored enterprises that buy many lenders’ loans become effective April 20 for MBS issued on or
Fannie Mae, Freddie Mac add new rate buydown disclosures Read More »
Mortgage delinquency rates increased in the most recent quarter, with Federal Housing Administration-backed distress spiking to multiyear highs, according to the latest industry report. Processing Content Delinquencies increased to 4.26% in the fourth quarter on a seasonally adjusted basis, jumping up 27 points three months earlier, with upticks observed across all leading loan types. Year
FHA delinquencies rise above 11% Read More »