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The Federal Home Loan banks of Topeka and San Francisco have signed up to participate in a Mortgage Partnership Finance program that pools and securitizes government-backed loans via Ginnie Mae.
June 28
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Fitch Ratings has updated its new loan level due diligence residential mortgage-backed securities grading methodology to include compliance grading related to the TILA-RESPA integrated disclosure rules.
June 28 -
The Connecticut Housing Finance Authority intends to offer up to $63 million in fixed-rate bonds on Tuesday and $23 million as variable rate on July 13.
June 28 -
Freddie Mac investors will now have access to loan-level disclosures with FICO credit scores calculated from Experian consumer credit data.
June 28 -
Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.
June 28 -
Fitch Ratings will now conduct reviews of residential mortgage-backed securities deal agents as part of its RMBS master criteria, with Clayton Holdings as the first deal agent to receive an assessment.
June 27 -
New York City broke ground on a $67 million reconstruction project at the Ocean Bay-Oceanside development in the Rockaways.
June 27 -
The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured mortgages have yet to use the new system.
June 27
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The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.
June 24
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For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.
June 24
