Freddie Mac has set Dec. 1 as the date on which it will make new loan-level disclosures available for its newly issued single-family fixed- and adjustable-rate mortgage Participation Certificate securities.The government-sponsored enterprise added that "shortly thereafter" it plans to disclose "certain algorithms and business rules used to produce loan-level information for each pool in addition to those used to derive pool-level disclosures." Market participants will be able to download the new loan-level detail for each new PC online at http://www.freddiemac.com/mbs.
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The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
4h ago -
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
5h ago -
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
6h ago -
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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May 10