The issuance of U.S. private-label residential mortgage-backed securities will most likely decline by 30% in 2004, a percentage "far less" than the decrease projected for new residential mortgage volumes this year, Standard & Poor's has reported.RMBS issuance will most likely fall to $400 billion this year from the record-breaking $575 billion in 2003, the rating agency said. S&P can be found online at http://www.standardandpoors.com.
Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
