The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 4.42 percent of all loans outstanding at the end of the first quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Despite
Fannie Mae (FNMA/OTCQB) today announced its latest sale of non-performing loans, including the company’s fifteenth Community Impact Pool. Community Impact Pools are typically smaller pools of loans that are geographically-focused, and marketed to encourage participation by non-profit organizations, minority- and
Mortgage Bankers Association (MBA) released its 2018 rankings of the top 30 commercial/multifamily lenders by origination volume. RRA Capital, an emerging leader in commercial
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1.5 billion to support seven states in their recovery from major disasters that occurred last year, including Hurricane
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $34.192 billion in April.
A breakdown of April issuance includes $32.675 billion of Ginnie Mae II MBS and $1.517 billion of Ginnie Mae I MBS, which includes $1.376 billion
Seven-time NASCAR Cup Series champion Jimmie Johnson and Ally today revealed a military-themed race car paint scheme for the #48 Chevrolet Camaro ZL1 in tribute to
MARKET COMMENT
Mortgage bond prices finished the week a tick or two lower which only put mild upward pressure on rates. The foreign demand for US Treasuries at the auctions this week was below average. However, stocks experienced some very large
Starting today, home sellers in Minneapolis–Saint Paul can use
In the first quarter of 2019, 13% of adults reported plans to purchase a home within a year. That is just slightly below where the share stood a year earlier, at 17%. The decline marks the second consecutive year-over-year drop
