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Massive GSE MSR Portfolio For Sale
6/21/2018 8:46 AM
Servicing on more than $10 billion in government-sponsored enterprise mortgages has become available for bids. There is a modest Beach State concentration.....Mortgage servicing rights are being offered on 39,253 single-family loans with a collective unpaid principal balance of $10.349 billion as of May 31.....The security on 26 percent...Read More
Supply Helps Pull Down Existing Home Sales
6/21/2018 8:46 AM
Although the supply of homes for sale was the most it"s been in eight months, the level is still significantly low and helped drive down monthly existing sales.....Homeowners sold 536,000 existing houses during May. Making up the activity were sales of single-family homes, townhomes, condominiums and co-operatives.....Including last mon...Read More
New Low for Refi Share as Lending Tightens
6/21/2018 8:46 AM
As the share of conventional business has grown at the expense of government-insured business over the past year, lending risk tightened and refinance share fell to a new low.....Two-thirds of all single-family loans closed during May were conventional mortgages. Conventional share has widened from 63 percent in the same month a year ago.
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Acceleration in Weekly Mortgage Applications
6/21/2018 8:46 AM
A nice improvement in the volume of mortgage applications was recorded for last week. Even more impressive was the rise in applications for loans to refinance.....During the week that concluded on June 15, the Market Composite Index ascended from the prior seven-day period by more than a seasonally adjusted 5 percent.....But without any...Read More
Agency MSRs Up for Auction
6/21/2018 8:46 AM
A buyer is being sought to acquire the servicing on a small portfolio of agency loans that are primarily concentrated in Illinois.....The offering is for mortgage-servicing rights on 4,110 single-family loans that had a collective unpaid principal balance of $0.792 billion as of May 31.....Illinois is the location of residential propert...Read More