Category Archives: Mortgage

Why servicers can steal some-more opposite their Ginnie MSRs

Servicers are anticipating they can steal some-more opposite their Ginnie Mae debt servicing rights this year, according to a new report.

Servicers mostly steal opposite a value of their MSRs to say liquidity and financial their operations. The boost in allege rates on Ginnie Mae servicing rights comes as MSR financing providers design rising debt rates to stabilise prepayment speeds.

Article source: http://www.nationalmortgagenews.com/news/why-servicers-can-borrow-more-against-their-ginnie-msrs

Mortgage rates tumble after Fed announcement

Mortgage rates fell 7 basement points this week from their top levels of a year, according to Freddie Mac.

The 30-year fixed-rate debt averaged 4.23% for a week finale Mar 23, down from final week when it averaged 4.3%. A year ago during this time, a 30-year fixed-rate debt averaged 3.71%.

Article source: http://www.nationalmortgagenews.com/news/mortgage-rates-fall-after-fed-announcement

Fannie reinsures $510M of single-family credit losses

Fannie Mae has performed reinsurance for $510 million of credit waste on $20.4 billion of single-family residential mortgages by a span of credit word risk send transactions.

The dual deals, CIRT 2017-1 and CIRT 2017-2, are any related to a pool of 30-year fixed-rate loans with loan-to-value ratios between 60% and 80%. The loans were acquired by Fannie Mae from Jan by Jul 2016. Both became effective Feb. 1.

Article source: http://www.nationalmortgagenews.com/news/fannie-reinsures-510m-of-single-family-credit-losses

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