1+ day, 9+ hour ago  (451+ words) Global interest appears to be fueling a notable pickup in issuance of real estate mortgage investment conduit securities at Ginnie Mae, Freddie Mac and Fannie Mae, according to a new report. REMICs made up $80 billion or 40% of Ginnie Mae single-family…...

1+ day, 7+ hour ago  (721+ words) In deciding to rebrand its company, Panorama Mortgage Group wanted to emphasize simplicity, said Hector Amendola, its president. So Simply PMG is now what the company will be known as, he said during an interview at the recent Mortgage Bankers…...

1+ day, 10+ hour ago  (730+ words) The U. S. foreclosure inventory as of the end of the first quarter was at its highest level in six years, with over three quarters of the nation's metro areas reporting higher rates, Cotality's latest Loan Performance Indicators report disclosed. The foreclosure…...

1+ day, 10+ hour ago  (693+ words) Rate has launched a pilot in which it will use automated analyses of loan data to determine whether certain refinances can be originated without a lender's title insurance policy. The En Titled program, available in 23 states, appears to be in…...

2+ day, 10+ hour ago  (560+ words) Surging interest rates pushed housing affordability lower for the second straight month in April, but rising wages helped blunt the blow for mortgage borrowers, according to the Mortgage Bankers Association." "Housing affordability conditions weakened slightly in April, as mortgage rates…...

2+ day, 9+ hour ago  (581+ words) The 2-basis-point rise in the 30-year fixed rate mortgage, even with the huge decline in Treasury yields, is a reaction to inflation and growing doubts that short-term rate cuts are on the horizon. The 30-year FRM was at 6. 53% on May…...

2+ day, 17+ hour ago  (694+ words) 3 D home development received a stamp of approval this week within the mortgage industry thanks to a new lending agreement between Wells Fargo Bank and technology construction firm Icon." The two companies announced a deal that makes the San Francisco-based…...

3+ day, 8+ hour ago  (652+ words) All-cash home purchases dropped to its lowest March level in six years, as mortgage rates are down, comparatively, and buyers hold negotiating power. Just less than 29% of homebuyers in the United States paid in all cash in March, a full…...

3+ day, 7+ hour ago  (741+ words) A lift in cure rates for distressed mortgages showed staying power in April with the monthly number significantly higher than earlier in the year, according to Intercontinental Exchange. The consistent monthly rate of more than 62, 000 far outpaces an average around…...

4+ day, 6+ hour ago  (726+ words) The mortgage securitization market is facing two significant shifts: a proposed regulatory change that could reduce risk weights for private-label MBS, and an industry push for due diligence standards aimed at keeping up with surging growth in second-lien products. The…...