Fear and loathing in Mortgage Land
Fear and loathing in Mortgage Land
At the Mortgage Bankers Association Secondary Conference this week, issuers noted their concern about rising delinquency levels, accusations of racial bias in lending, and whether regulators in Albany and Washington are preparing a new campaign against “abuses” in mortgage servicing, the chairman…
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At the Mortgage Bankers Association Secondary Conference this week, issuers noted their concern about rising delinquency levels, accusations of racial bias in lending, and whether regulators in Albany and Washington are preparing a new campaign against “abuses” in mortgage servicing, the chairman…
At the Mortgage Bankers Association Secondary Conference this week, issuers noted their concern about rising delinquency levels, accusations of racial bias in lending, and whether regulators in Albany and Washington are preparing a new campaign against “abuses” in mortgage servicing, the chairman…
Matt Engel is the President of Langsam Property Services, one of the largest management companies in the NYC market. They are responsible for managing approximately 350 buildings with over 10,000 units. Langsam is on the "short list" of who to call when you have tough management assignments which need assistance. They have rescued some very large portfolios on behalf of large investors, and there is a lot of real knowledge he shares with us. We will cover things like: What it is like to manage ...
Matt Engel is the President of Langsam Property Services, one of the largest management companies in the NYC market. They are responsible for managing approximately 350 buildings with over 10,000 units. Langsam is on the "short list" of who to call when you have tough management assignments which need assistance. They have rescued some very large portfolios on behalf of large investors, and there is a lot of real knowledge he shares with us. We will cover things like: What it is like to manage ...
Ginnie Mae on Monday announced that it is preparing to halve the time issuers must wait to put reperforming loans back into securitized mortgage pools.The government bond insurer, an arm of the Department of Housing and Urban Development, plans to cut the seasoning requirement to three months from six, and transition away from temporary rules around custom pooling for reperforming loans introduced during the pandemic."By the end of the first quarter of 2023, Ginnie Mae will be changing our polic...
Ginnie Mae on Monday announced that it is preparing to halve the time issuers must wait to put reperforming loans back into securitized mortgage pools.The government bond insurer, an arm of the Department of Housing and Urban Development, plans to cut the seasoning requirement to three months from six, and transition away from temporary rules around custom pooling for reperforming loans introduced during the pandemic."By the end of the first quarter of 2023, Ginnie Mae will be changing our polic...
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The big threat to the mortgage banking community comes from any future Fed sales of mortgage-backed securities.
The big threat to the mortgage banking community comes from any future Fed sales of mortgage-backed securities.
Lending that can fulfill Biden administration aims around equity and supply, like an FHA premium cut or financing for accessory dwelling units, remain possible, but late-cycle housing risk is a concern.
Lending that can fulfill Biden administration aims around equity and supply, like an FHA premium cut or financing for accessory dwelling units, remain possible, but late-cycle housing risk is a concern.
Fannie Mae chose a unit of Chase as the winning bidder of a $663.3 million pool of reperforming mortgage loans that was not awarded with the rest of the transaction two weeks ago.The approximate weighted average bid submitted by JP Morgan Mortgage Acquisition Corp., measured as a percentage of the unpaid principal balance, was in the low 90s for this pool.This portfolio consists of 5,460 loans with an average size of $121,476, a weighted average note rate of 4.49% and a weighted average loan-to...
Fannie Mae chose a unit of Chase as the winning bidder of a $663.3 million pool of reperforming mortgage loans that was not awarded with the rest of the transaction two weeks ago.The approximate weighted average bid submitted by JP Morgan Mortgage Acquisition Corp., measured as a percentage of the unpaid principal balance, was in the low 90s for this pool.This portfolio consists of 5,460 loans with an average size of $121,476, a weighted average note rate of 4.49% and a weighted average loan-to...
Greg Tornquist is retiring from Cenlar as chairman and CEO after more than 35 years at the helm and new leaders named at the company highlight what appears to be some heavy recruiting from the ranks of executives with government-sponsored enterprise ties. Greg Tornquist His successor in the chairman role is David Applegate, the former CEO of Common Securitization Solutions. CSS is a Fannie Mae-Freddie Mac joint venture that operationalized uniform mortgage-backed securities.Applegate promi...
Greg Tornquist is retiring from Cenlar as chairman and CEO after more than 35 years at the helm and new leaders named at the company highlight what appears to be some heavy recruiting from the ranks of executives with government-sponsored enterprise ties. Greg Tornquist His successor in the chairman role is David Applegate, the former CEO of Common Securitization Solutions. CSS is a Fannie Mae-Freddie Mac joint venture that operationalized uniform mortgage-backed securities.Applegate promi...
In the face of all the dour news for the housing market, there is one bright spot — a sector that benefits from rising rates. That is the market for mortgage servicing rights (MSRs). We break down the top sellers and buyers of 2022 year-to-date.
The post MSR sector is a raging bull in a bear mortgage market appeared first on HousingWire.
In the face of all the dour news for the housing market, there is one bright spot — a sector that benefits from rising rates. That is the market for mortgage servicing rights (MSRs). We break down the top sellers and buyers of 2022 year-to-date.
The post MSR sector is a raging bull in a bear mortgage market appeared first on HousingWire.