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The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.
June 10
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Mortgage investors can take heart knowing the Federal Reserve considers agency MBS a primary arena through which to conduct monetary policy.
June 10
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The coronavirus market disruption actually caused the company's execs to speed up its return.
June 10
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If delinquency rates rise, all four stand-alone firms would have a capital shortfall.
June 9
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Looming economic uncertainties forced mortgage lenders to tighten underwriting standards in May.
June 9
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The FHFA’s proposal is intended to strengthen Fannie Mae and Freddie Mac, but many experts warn that it could boost guarantee fees for lenders that they say may be passed on to borrowers.
June 8
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The number of loans going into coronavirus-related forbearance slowed to a rate of 7 basis points between May 25 and May 31, according to the Mortgage Bankers Association.
June 8
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About 9% of government-insured loans in forbearance have low equity, which could hamper post-forbearance servicing.
June 8
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Hudson Americas is pooling its next aggregation of non-qualified, high-balance mortgages in a new securitization that is exposed to a large share of borrowers seeking or already receiving pandemic-related forbearance or deferral on payments. So far, a little over half of those granted the allowance have yet to skip any payments.
June 8
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But there was an increase in private-label mortgages in forbearance.
June 5
