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Credit ratings were cut on the highest number of commercial mortgage-backed securities in "recent memory" last week, according to strategists at Bank of America Corp.
September 25
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The real estate investment trust arm of two affiliate mortgage-related companies could reduce other debt and finance purchases of loans, servicing or securities.
September 19
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The mortgages are part of a program that received congressional scrutiny earlier this year.
September 13
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Lenders will be adjusting to new mandates regarding mortgage applicants that don't have payments for education debt on their credit reports.
September 11
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Michael DeVito has been able to grow the government-sponsored enterprise's net worth, but at the current pace and without a rule change, it could take 10 years to build enough capital to exit conservatorship.
September 8
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The government-sponsored enterprises have consistently earmarked some distressed loans for community, nonprofit and minority investors. Certain Democrats want more.
August 29
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Industry executives coming off a tough year are wondering what the transition will cost and how many borrowers it'll bring in.
August 15
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The agency's president, Alanna McCargo, called the nonbank liquidity issue "the biggest of our time," while speaking at the Bipartisan Policy Center Tuesday.
August 9
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Product availability for July remained at levels last seen in 2013 as rates briefly broke above the 7% mark during the month, the Mortgage Bankers Association said.
August 8
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The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.
August 7
