As both origination volume and interest rates increased during the second quarter, mortgage defect rates rose too, increasing by nearly 15% compared with the first quarter, Aces Quality Management said.…
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The Federal Housing Administration is considering changing its underwriting guidelines to make it even easier to include borrower’s rental income. A new draft mortgagee letter was issued for feedback on…
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Evergreen Residential Holdings has raised a total of $1 billion in capital commitments to support its three business lines in investment real estate of equity, lending and property management. The…
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As the federal government prepares for a change in administrations, a bipartisan group from the House of Representatives sent a letter to the Federal Housing Finance Agency asking for the…
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Within five years, Gen Zers should make up almost one-quarter of mortgage holders, nearly reaching the level of millennials and Gen Xers, research from Boston Consulting Group found. The data…
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While the Federal Housing Administration’s insurance fund capital ratio improved during fiscal year 2024, the delinquency rate has also increased, the annual report from the Department of Housing and Urban…
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Sam Valverde has resigned as the acting president of Ginnie Mae, in what might be one of the first consequences from the change of control at the White House. Valverde…
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Private-label securitization issuance is expected to increase by 12% in 2025 as this year’s market recovery from a moribund 2023 should continue, Kroll Bond Ratings Agency predicts. It expects $107…
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Mortgage rates stopped their ascent this week but offered little relief to consumers, in the first full seven-day period since the Federal Open Market Committee’s latest short-term rate cut. The…
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Independent mortgage bankers again made money on every loan originated on a net basis in the third quarter, helped by the falling interest rate environment for most of the period.…
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