Fannie Mae has announced that it will begin disclosing additional information in August about its pools of mortgage-backed securities.The company said it will now disclose data for Mega pools and for MBS pools with initial interest-only periods. (The data will be available on Pool Data Direct and on PoolTalk.) Mega pools are single-class MBS consisting of pass-through certificates backed by previously pooled Fannie Mae MBS with similar characteristics, or by other pooled Megas with similar characteristics. For Mega pools issued on or after May 1, 1996, Fannie Mae said it will begin disclosing (in quartiles) the loan-to-value ratios and credit scores. Tabular information will be provided for loan purpose, occupancy type, and property type, and servicer names will be disclosed. For pools with initial IO periods, Fannie Mae said it will provide the weighted average months to scheduled principal amortization, the distribution of loans, and the percentage of pool unpaid principal balance. Fannie Mae can be found online at http://www.fanniemae.com.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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