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The technical glitch that suspended trading on the New York Stock Exchange for much of Wednesday shocked Wall Street, but the one-to-one nature of mortgage-backed securities trades meant the secondary mortgage market was not impaired by the outage.
July 8
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The mortgage real estate investment trust sector is diversifying as margin compression and bank apprehension changes market dynamics, according to reports from Kroll Bond Ratings and Fitch Ratings.
July 8 -
Fannie Mae, Freddie Mac and Common Securitization Solutions have created an industry group tasked with providing feedback and sharing information on the creation of a uniform residential mortgage-backed security.
July 8 -
The Greek debt crisis and China's stock-market crash may put downward pressure on interest rates and delay the Fed's interest rate hike, and they are adding uncertainty at a time when lenders thought recovery would be taking hold.
July 8
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Borrowing costs for U.S. homebuyers may be falling again, thanks to Greece's woes, but not as much as they could be.
July 7 -
The Federal Housing Finance Agency wants to exclude mortgage REITs from membership in the Federal Home Loan Banks. That would be a major setback for the entry-level borrowers who depend on mortgage REITs for sustainable home-financing options.
July 7
Mountain Lake Consulting -
Deutsche Bank, Jefferies and UBS have set final pricing terms on $1.35 billion in commercial mortgage bonds, according to a regulatory filing.
July 6 -
A survey of mortgage lending executives conducted by mortgage insurance company Genworth found that most executives believe that a disconnect exists between lenders and borrowers on who qualifies for a mortgage.
July 6 -
New technology developed by mortgage software vendor LoanLogics aims to automate and streamline closed-loan purchasing and quality control processes for correspondent investors.
July 2
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The delinquency rate on commercial mortgage-backed securities rose from May to June, according to Trepp's monthly report.
July 2
