Fannie Mae (FNMA/OTCQB) today announced the company will launch a new
Fannie Mae Announces Twenty-second Sale of Reperforming Loans
Mortgage Ledger Staff2021-08-12T13:15:51-04:00Fannie Mae (OTCQB: FNMA) today began marketing its twenty-second sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio.
The sale consists of approximately 19,100 loans, having an unpaid
Mortgage Rates Move Up for the First Time in Weeks
Mortgage Ledger Staff2021-08-12T13:12:45-04:00Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.87 percent.
“Following last Friday’s strong jobs report, which revealed broad based
Fannie Mae Introduces New Underwriting Innovation to Help More Renters Become Homeowners
Mortgage Ledger Staff2021-08-11T15:16:50-04:00Automated Underwriting System to Incorporate Consistent Rent Payment History in Credit Evaluations, Responsibly Expanding Consumers’ Access to Mortgage Credit
Freddie Mac Prices $859 Million Multifamily K-Deal, K-F118
Mortgage Ledger Staff2021-08-11T15:14:19-04:00Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The
Serious Improvement: CoreLogic Reports That in May, the U.S. Serious Delinquency Rate Fell to Lowest Level Since June 2020
Mortgage Ledger Staff2021-08-10T14:54:12-04:00Additionally, all US states and metro areas posted annual decreases in their overall delinquency rates
Realtor.com® July Housing Report: New Listings Rise 6.5% Nationwide as More Smaller Homes Hit the Market
Mortgage Ledger Staff2021-08-10T14:51:16-04:00This increase in more affordable homes is good news for first-time buyers who have struggled to find inventory at their price point
– New listings increases are highest in Columbus, Ohio (+42.9%), Baltimore (+36.9%), Cleveland, Ohio (+35.8%)
MIG Market Watch, Week of August 9th, 2021
Mortgage Ledger Staff2021-08-10T14:48:08-04:00Market Comment
Mortgage bond prices finished the week sharply lower which put upward pressure on rates. We started on a positive note Monday and Tuesday but selling pressure emerged mid-week and into the end. Fed Vice Chair Richard Clarida said he
California Man Convicted for Leading Mortgage Fraud Scheme
Mortgage Ledger Staff2021-08-09T12:40:00-04:00Christopher Castle, 57, formerly of Petaluma, California was found guilty on Monday of 35 counts in a bank fraud scheme that sought to fraudulently eliminate home mortgages and then profit on the subsequent home sales.
According to court documents, between April
Homebuying and Selling Sentiment Remain Polarized Amid Affordability and Supply Concerns
Mortgage Ledger Staff2021-08-09T12:33:48-04:00Seventy-Five Percent of Consumers Believe It’s a Good Time to Sell
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 3.9 points to 75.8 in July, as consumers continue to