Key takeaway: The current Basel III capital proposal does not explicitly include mortgage insurance as a factor in determining a loan’s risk weight, but seeks industry input on the potential benefits and drawbacks of doing so, leaving the door open to possible changes. Expert quote: “There are like 50 reasons why banks don’t want to […]
Banks question Basel omission of PMI in mortgage weights Read More »
With zero change versus Thursday’s latest levels, the 30yr fixed mortgage rate index maintained a 0.03% range for the entire week (and 0.04% going back to last Tuesday). At 6.32%, today’s mark is close enough to Friday’s 6.29% to say rates are hovering at the lowest levels in more than a month. The sideways drift
Rates End Week Close Enough to Recent Lows Read More »
Government mortgage-backed securities guarantor Ginnie Mae announced that it’s changing how it will be tracking delinquencies in monthly issuer reporting to account for impacts from a rule change. Processing Content To address the uptick in a large number of older loans entering trial payment plans as a result of the Federal Housing Administration’s adjustment to
Ginnie Mae pauses delinquency rules amid FHA waterfall shift Read More »