Fannie Mae plans to provide third-party origination statistics for "substantially all" its mortgage-backed securities beginning with September issuances.For each new-issue MBS, Fannie plans to provide the following: the unpaid principal balance percentage of the underlying collateral originated by a third party and a table with the number of loans, percentage of UPB, and aggregated UPB originated by retail, broker, and correspondent lenders. "By year-end, the company will expand the at-issuance TPO statistics to include all single-family MBS and will provide the same information for ongoing disclosure," the government-sponsored enterprise said. Fannie Mae can be found online at http://www.fanniemae.com.
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Jumbo lending helped offset a decline in June's credit numbers, as government-backed programs noticeably contracted, the Mortgage Bankers Association said.
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Colorado homeowners pay the highest premiums at $463 a month, as insurance costs now exceed property taxes in 15 states, LendingTree found.
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CPI inflation remains above the Federal Reserve's 2% target, but the slower rate of increase gives the central bank time to weigh the best course of action.
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Movement Mortgage added to its operations leadership and Click n' Close named a new chief information officer.
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The award is one-third of the $26 million settlement the parent company of three servicers agreed to earlier this year to settle claims from a 2021 data breach.
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Michael Burry, a GSE investor and early predictor of the Great Financial Crisis, is eyeing the senior preferred liquidation preference and a 2028 deadline.
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