Finance

Thirty-year conventional prepayment speeds got 22% slower than they were the previous month, including some declines in Home Affordable Refinance Program pools.

The new FHA reverse mortgage rules will lead to more originations of variable-rate home equity conversion mortgages because of the restrictions on the first draw.

Unlike most mortgage stocks PennyMac Mortgage Investment Trust and Kaufman & Broad shares traded up on Friday.

We're hearing well-to-do jumbo borrowers are securing better mortgage rates than the average Joe getting a conventional loan from a Fannie Mae or Freddie Mac lender.

Servicers have found obtaining liquidity for Fannie Mae, Freddie Mac and Ginnie Mae servicing extremely challenging.

Servicers have found obtaining liquidity for Fannie Mae, Freddie Mac and Ginnie Mae servicing extremely challenging.

The recovery rate on securitized commercial mortgage loans that were liquidated during the second quarter suffered a fairly sizeable setback while the overall volume of specially serviced CMBS loans is gradually shrinking.

Performance expectations for peak vintage mortgage loans securitized between 2005 and 2008 are mixed as losses may range from a low of 2.1% to a high of 25.5%.

Moody's Investors Service upgraded Children's Hospital Central California to A1 from A2 and revised the outlook to stable from positive.

The average volume of PennyMac shares changing hands was over 1.56 million.

The Village Center Community Development District in Florida is urging the Internal Revenue Service to allow its $427 million of bonds to remain tax-exempt.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

Capital levels at SouthBank have dropped below a minimum required by regulators.

State-chartered housing finance agencies have been adapting to the low interest rate environment by securitizing mortgages via Ginnie Mae and selling loans to Fannie Mae and Freddie Mac.

Fannie Mae is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers.

Wholesaler 360 Mortgage is looking to expand its relationships with mortgage brokers beyond Home Affordable Refinance Program-related products.

I’m actually getting email from readers who agree with me that our industry really is like professional football.

NCUA has filed almost $10 billion of claims against the biggest Wall Street banks for the sale of faulty mortgage-backed securities to five failed corporate credit unions.

The subset of Home Affordable Refinance Program applications for the week hit 38%, up three percentage points from the prior week.

Both builders and developers report that lenders are loosening their purse-strings on their all-important acquisition, development and construction funding.