Servicing

While the government-sponsored enterprise’s single-family mortgages are still not performing as well as they did before the pandemic, the most recent vintages are getting there.

While the lender-servicer reported robust Q1 earnings, it is anticipating lower future revenue due to the tight originations environment.

Improved loan performance, a credit reserve release, higher g-fees and reduced portfolio runoff helped to offset declining single-family loan purchases.

Some Fannie Mae and Freddie Mac packages are attracting offers in the mid-5 times range, MIAC Analytics said.

As the National Flood Insurance Program goes into effect this month, more than 80 percent of existing policyholders are set to see rates climb and those gains will be spread largely evenly among rich and poor areas, according to a new report.

But the consumer credit reporting agency’s adjusted results slightly exceeded consensus estimates from analysts.

Strong general unemployment gains, student loan deferrals and borrowers enjoying low interest rates secured in the refinance boom contributed to the positive gains.

While numbers have been increasing, it will be some months before they get back to pre-pandemic levels, according to Attom Data Solutions.

The government-sponsored enterprise has already done twice as many of these deals as it did during all of 2021.

But re-entries crept up, while the percentage of borrowers exiting plans without loss mitigation in place increased.