Barclays Capital has made two more appointments to its new mortgage-backed securities trading desk operation.Chris Leslie, who previously worked in MBS sales at Citigroup, has been named managing director responsible for MBS sales in the United States at Barclays, and Steve Cozine, who was head of non-agency collateralized mortgage obligations at Citigroup, has been named director and senior mortgage CMO trader and structurer. Barclays Capital can be found online at http://www.barcap.com.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
11h ago