Fannie Mae has announced the addition of several data elements to its disclosures for mortgage-backed securities and other structured transactions.Beginning in November, investors will have access to new statistics on whole-loan real estate mortgage investment conduits, the government-sponsored enterprise said. Using PoolTalk, a tool that retrieves pool-level information on Fannie Mae securities, they will now be able to obtain weighted average coupon and weighted average maturity quartiles, as well as distributions on loan age, loan size, WAC, WAM, geographic location, origination year, amortization terms, amortization type, property type, occupancy, and loan purpose, the GSE said.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Lenders may not be able to fully respond to the broader government-sponsored enterprises' rollout of VantageScore 4.0 yet but there is one thing they can do now.
September 11 -
Sellers are easing demands as rates hit 15-month highs, giving buyers leverage. Originators: target sideline buyers before next week's Fed hike lifts rates further.
September 11 -
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
September 11 -
The consumer price index rose 0.4% last month, in line with July's reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
September 11 -
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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