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There's not enough origination volume to sustain seven private mortgage insurers and the number of underwriters may need to shrink, warns MGIC CEO Patrick Sinks.
June 3
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The delinquency rate on the loans included in commercial mortgage-backed securities increased for the third consecutive month in May after significant declines at the start of the year, according to Trepp.
June 3 -
New York's State Assembly has passed legislation that seeks to address problems related to preforeclosure vacant and abandoned properties.
June 3 -
The Federal Deposit Insurance Corp. has reached a $190 million settlement with eight large financial institutions over residential mortgage-backed securities claims as the receiver of five banks that failed during the crisis.
June 2 -
Mortgage rates were up slightly from last week in continued anticipation of a possible move by the Federal Reserve, but still near three-year lows, according to Freddie Mac.
June 2 -
Mortgage credit availability tightened for the third consecutive month in May, according to the Mortgage Bankers Association.
June 2 -
When the administration changes at the end of the year, the development of a single mortgage-backed security could suffer a setback, Mortgage Bankers Association CEO Dave Stevens said Wednesday.
June 1
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The California Association of Realtors has renewed its push for promised Federal Housing Administration guidance that would make Property Assessed Clean Energy liens subordinate to first mortgage liens.
June 1 -
MetLife Inc., the largest U.S. life insurer, is increasing bets on real estate as the company scales back investments in hedge funds.
June 1 -
Several civil rights and community development groups wrote Tuesday to urge the Federal Housing Finance Agency to recapitalize Fannie Mae and Freddie Mac.
June 1
