Mortgage-related security issuance fell in the first three quarters of this year relative to issuance in the same period of last year, according to The Bond Market Association.The bond group said mortgage-related securities issuance from Jan. 1 to Sept. 30 "decreased 46.4% to $1.35 trillion, compared to $2.52 trillion issued in the same period last year." Home equity issuance, meanwhile, has seen a "sharp rise," the organization said. The association can be found on the Web at http://www.bondmarkets.com.
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The agency proposed to repeal a regulation that requires FHLBanks to submit formal notices before engaging in new business activities that carry unmanaged risk.
July 27 -
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
July 27 -
Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.
July 27 -
The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
July 27 -
The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
July 27 -
The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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