The underlying credit fundamentals for nonagency residential mortgage-backed securities continued to improve in June as delinquencies fell and loan modifications ticked up alongside rising home prices,...
The closely watched pot on my stove for the last six months, otherwise known as the Fed's MBS purchase program, is coming to an imminent end. (If you start here, you should be able to follow my posts on the subject as far back as you like. )
If you are up-to-date on the issues surrounding the Fed's departure (or insist, like an old school journalist, on getting the gist of the whole story in the lead), jump ahead to "Buyouts a Strong Technical." Otherwise, here's the brief:
One by one, they filed into the city council chambers. They took their seats and waited their turn, and once there weren’t any seats left, they moved to the seldom-used overflow seating. When the overflow seating filled, they moved to the civic center so they could watch the meeting on a closed-circuit feed..
It’s a new world, and in this new world, data is more crucial than ever. Getting the best data possible, and then being able to interpret that data to improve performance, will be a competitive edge that no company in the mortgage finance space can do without in the current environment of volume contraction. Read More
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies. Read More