The Mortgage Bankers Association (MBA) reported mortgage applications fell 6.7% in the week ending June 28 due to a decline in refinancing activity. The Refinance Index declined around 8% to 4543 with the share of refinances as a percent of total applications down to 78% from 79% and 81% in the prior two weeks, respectively.
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The GSE reported Friday morning that it purchased $32.5 billion in loans from mortgage lenders in July, down from $44.1 billion in June.
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Based on the bank's Citigroup analysis, the replacement of dividends will have a considerable positive effect on the GSEs' credit position.
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Wells serviced $379.9 billion of the agency's securities at June 30, giving it a 30% market share in that category.
August 24 -
Rising CRE prices in 2Q12 has set a cautious tone for the rest of the year, according to Standard & Poor's analysts.
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Barclays' new trust, since it was just formed, must comply with the FDIC’s new regulations to qualify for Safe Harbor, Citigroup Global Markets analysts explained in a report released today.
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The research firm said the negative equity bucketn improved in 2Q12 versus 1Q12 by $42 billion to $1.15 trillion.
August 23 -
The portfolio comprises primarily of motor vehicle retail installment sale contracts and/or installment loans secured by new and used automobiles and light-duty trucks.
August 23 -
The Federal Reserve Bank of New York announced today the sale of the rest of the securities in the Maiden Lane III (ML III) portfolio.
August 23 -
Moody's Investors Service has outlined the main type of risk that securitizations backed by cash flows from single-family rental properties would present in a report published today.
August 23 -
Sources say Fannie Mae has toyed with the idea of no repurchases after 24 months while Freddie has discussed a larger window.
August 23 -
The central bank is planning to sell $3.4 billion in toxic mortgage debt today that it inherited four years ago when it bailed out AIG.
August 23