CMBS Loan Quality Down, Performance Steady

  • By dave
  • 12 December, 2013
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The quality of loans originated for commercial mortgage-backed securities has worsened, but loan performance is expected to be stable, ratings firm Moody’s Investor Services noted in a report, Mortgage Daily reported Dec. 2. Continue Reading →


Fed Beige Book: Economy Recovering, Homes Sales Improving

  • By dave
  • 12 December, 2013
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The Federal Reserve’s Beige Book released Dec. 4 indicated that national economic activity continued to expand at a modest-to-moderate pace during the early-October to mid-November reporting period, but noted a slowdown in single-family home sales due to seasonal factors. Continue Reading →


Largest Mortgage Servicers Failing on Loan Handling

  • By dave
  • 12 December, 2013
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Banks subject to the 2012 national settlement over mishandled foreclosures are still failing to provide timely and adequate notification to delinquent borrowers, according to a report from Joseph A. Smith Jr., the monitor of the national mortgage settl… Continue Reading →


FHFA Overhauls Mortgage Insurance Program for Fannie, Freddie

  • By dave
  • 12 December, 2013
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The Federal Housing Finance Agency announced Dec. 2 that Fannie Mae and Freddie Mac had completed the first major overhaul in years of their mortgage insurance master policy requirements. The FHFA’s 2013 Conservatorship Scorecard required them to establish complementary master policies to allow for more timely and consistent claims processing. Continue Reading →