Mortgages

MBS issuance continues to decline as the Fed reduces bond buying.

Inventory is almost one-third lower year-to-year and 30-year-plus delinquencies also are lower on a year-over-year basis, but 30-day-plus delinquencies rose slightly month-to-month.

Industry groups wanted an extension to assemble data and challenge the agency’s findings.

Once Rep. Mel Watt is sworn in, he wants time to review the hikes mandated by the current Fannie Mae, Freddie Mac regulator.

Higher costs could have the biggest impact on this part of the mortgage business in 2014, according to originators.

Companies like Lennar Corp. have seen an 18% jump in prices on their inventory this year.

The question for most companies is do they have enough cash available to pivot to find the next opportunity.

The senior management team at the Biloxi, Miss.-based bank is confident these deals with put their most problematic loans in the rear view mirror.

The deal would resolve claims that Lender Processing Services falsified documents related to home seizures.

The aggregate principal balance of the purchased loans, secured by six different multifamily and mixed-use properties owned by the same borrower, was approximately $18 million.

Rumors about the viability of the Columbus, Ohio-based lender have been around for several months.

The government-sponsored enterprise is offering homebuyers and nonprofit agencies a 20-day window to purchase a bank-owned property if they plan to be owner-occupants.

Some see little evidence that shrinking Fannie and Freddie will bring private capital into the mortgage market.

The deal adds a call center operation which has originated $374 million through the first nine months of the year.

Auditors report solid improvement in the capital position of the federal mortgage insurance fund.

Lenders are unloading more of their bank-owned inventory at the foreclosure auction to take advantage of the volume of investors and cash purchasers in the marketplace.

New loan-level price adjustments negate Fannie and Freddie’s price advantage.

The agreements are allowed under the Real Estate Settlement Procedures Act as long as certain requirements are met. But the author has never seen one that worked.

While the new regulations implemented by the Consumer Financial Protection Bureau are designed to apply primarily to big banks and loan servicers, the regulatory environment for small and community banks will also be transformed.

Score a win for the private market, as higher GSE prices make nonagency mortgages more attractive to investors.