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 drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
July 24







