Freddie Mac’s 2020 earnings rose as it delivered ‘record liquidity’
The company purchased $1.1 trillion of single-family mortgages and $83 billion of multifamily loans during 2020.
Refinance
Mortgage apps dip as conforming rate inches up, loan amounts soar
While financing costs are still low enough to offset sticker-shock from rising home prices, a slight increase in the average 30-year conforming rate weighed on borrowers, according to the Mortgage Bankers Association.
Mortgage applications decrease as rising rates temper refi volume
Mortgage applications decreased 1.9% from one week earlier as rising rates started to affect refinance activity, according to the Mortgage Bankers Association.
Refinance loan for Starbucks HQ heads to CMBS market
The $425 million loan securitization is among two single-asset, commercial-mortgage deals launching this week. Brookfield Asset Management's global real estate arm is also tapping investors to finance an $825 million loan backed by a downtown Manhattan office building.
By
Glen Fest
Mortgage application volume flat on steep drop in government refis
Mortgage applications slipped 0.3% from one week earlier, as refinance volume, particularly for Federal Housing Administration and Veterans Affairs loans, shrank significantly, according to the Mortgage Bankers Association.
Ginnie Mae issuance rebounds to level just shy of August record
FHA volumes, a key contributor to Ginnie Mae issuance, could fall as long as the refinancing boom continues — unless the FHA takes a step that could reverse that trend.
Grace Building refi loan securitized in $750M SASB deal
Brookfield and JV partner Swig Co. are refinancing debt and cashing out $200M in equity in the iconic, sloped-base midtown Manhattan office tower.
By
Glen Fest
Mortgage applications rise as refinance volume continues to grow
Mortgage applications increased 3.8% from one week earlier as a drop in most loan interest rates brought on an increase in refinance activity, according to the Mortgage Bankers Association.
Purchase volume to hit record highs over the next 3 years: MBA
But an expected drop in refinancings as mortgage rates rise should more than cancel that out, resulting in declining overall volume through 2023.
Mortgage applications dip, but low rates keep buyer demand strong
Mortgage applications decreased 0.6% from one week earlier, although a slight drop in purchase volume belied the fact that consumers are taking advantage of the current rate environment, according to the Mortgage Bankers Association.
Mortgage rates hit another all-time low, but will consumers benefit?
Just a week after commenting that the bottom on mortgage rates was possibly reached, Freddie Mac reported that they fell 6 basis points to another record low.
Mortgage application activity slows, but buyer demand to stay robust
Mortgage applications decreased 0.7% from one week earlier, but lending activity should continue strong for the remainder of the year as rates stay low, according to the Mortgage Bankers Association.
Mortgage applications slow even as rates reach a new low
Mortgage applications decreased 4.8% from one week earlier, as refinance activity was down even as average rates fell to a new record low, according to the Mortgage Bankers Association.
Mortgage applications increase as purchase activity jumps
Mortgage applications increased 6.8% from one week earlier as this summer's surprise purchase demand has carried over to the fall, according to the Mortgage Bankers Association.
Laurel Road sponsors $250.2M student-loan ABS offering
The loans, which are not federally guaranteed, are refinancings of student-loan debt held by prime borrowers primarily with advanced medical degrees.
Mortgage originations set for a record year, Fannie Mae predicts
Low rates, along with increased new and existing home sales activity drives the latest forecast.
Decline in refinances brings down mortgage application volume
Mortgage applications decreased 2.5% from one week earlier as refinance activity appears to decelerating, according to the Mortgage Bankers Association.
Servicers intensify retention efforts as the rate of success declines
Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.
Past forbearance will affect borrowers’ ability to get new loans: FHA
The guidelines are somewhat similar to those the Federal Housing Finance Agency established for the government-sponsored enterprise market in response to the high number of loans impacted by coronavirus-related hardships.
Non-qualified mortgages are coming back, but with tighter guidelines
The new reality for investors and originators accounts for forbearances and ability-to-repay.
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