A lawsuit has been filed against the Federal Home Loan Mortgage Corp. and its conservator-regulator by the secondary lender’s biggest mortgage insurance counterparty. At issue is the interpretation of the maximum coverage for a pool of loans. The lawsuit was filed in U.S. District Court for the Eastern District of Wisconsin. In addition to Freddie Mac, [...]
Posts Tagged ‘Mortgage’
Posted in 
Tags: 
Mortgage Rates Lower Still, But Progress Is Slow
May 18th, 2012 
admin Posted To: Mortgage Rate Watch Mortgage Rates improved marginally from yesterday’s new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. When yields in the broader bond markets move lower, MBS (the “mortgage-backed securities” that [...]
Costco Mortgage Program Could Hit Legal Snag: LO Comp
May 18th, 2012 admin The potential trip wire for the warehouse club and its financial partners involves laws that regulate licensing and compensation for mortgage brokers and originators. View full post on National Mortgage News Share and Enjoy:
CS: Mortgage Gain-on-Sale Margins Will Remain High
May 18th, 2012 admin CS analyst Moshe Orenbuch writes in a new research paper that large cap banks will enjoy an average gain-on-sale margin of 300 basis points in 2Q compared to 350 bps in the first quarter. View full post on National Mortgage News Share and Enjoy:
Fixed Mortgage Rates Hit Record Lows Again
May 18th, 2012 admin In Freddie Mac’s results of its Primary Mortgage Market Survey®, average fixed mortgage rates again reached new record lows. The 30-year fixed-rate mortgage at 3.79 percent continues to remain well below 4 percent and 15-year fixed-rate mortgages are also slightly down at 3.04 percent. View full post on Realty Times Real Estate News Channel Share [...]
