Freddie Mac plans to expand disclosures on its single-family mortgage articipation certificate securities by the end of the fourth quarter.The expanded disclosures would provide loan-level information at issuance for all newly issued fixed-rate and adjustable-rate mortgage PC securities, according to Freddie. Monthly updates to PC securities disclosures will continue to be available at the pool level for new and previously issued PC securities. Freddie Mac also plans to describe the corresponding algorithms that utilize the loan-level data to compute PC disclosure. The government-sponsored enterprise expects to announce in the near future the specific loan-level variables to be disclosed. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
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.
March 28 -
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.
March 28 -
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.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28