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CSMC's latest funds non-QM mortgages with $561.9 million

National Mortgage
Mortgage Finance
4 years ago

The CSMC 2022-NQM3 Trust is preparing to issue $561.9 million in residential mortgage-backed securities (MBS), secured by a pool of,.. Read More;

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Freddie Mac earnings rise as other gains offset drop in new business

National Mortgage
Mortgage Finance
4 years ago

Freddie Mac’s first-quarter earnings soared due to interest-rate hedging, net portfolio and investment gains, higher average single-family mortgage guarantee fees,.. Read More;

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Home purchase affordability declines another 5%

National Mortgage
Mortgage Finance
4 years ago

Home purchase affordability continued to decline in March, as the median monthly mortgage payment borrowers applied for increased 5% over,.. Read More;

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Small banks doubt the Fed can avert a recession

National Mortgage
Mortgage Finance
4 years ago

Small-bank executives are losing confidence that the Federal Reserve, which is in inflation-fighting mode, can simultaneously keep the U.S. economy,.. Read More;

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Mortgage Connect seals ADFITECH acquisition

National Mortgage
Mortgage Finance
4 years ago

Mortgage Connect, a capital markets services provider to the residential mortgage-backed securities (RMBS) industry, has closed its acquisition of ADFITECH,,.. Read More;

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Tough-to-crack housing market has U.S. buyers eyeing second jobs

National Mortgage
Mortgage Finance
4 years ago

A "For Sale" sign outside a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Tuesday,,.. Read More;

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5 problems lenders have adopting automation and how to fix them

National Mortgage
Mortgage Finance
4 years ago

Surprisingly, many lenders with a long history of AI automation have yet to find their stride. Large lenders found early,.. Read More;

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U.S. economy posts surprise contraction, belying solid consumer picture

National Mortgage
Mortgage Finance
4 years ago

The U.S. economy unexpectedly shrank last quarter for the first time since 2020 as the trade deficit ballooned, adding to,.. Read More;

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Mortgage rates come in flat after weeks-long surge

National Mortgage
Mortgage Finance
4 years ago

Average mortgage rates took a slight pause from their steep upward acceleration in April, falling for the first time since,.. Read More;

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U.S. homebuilders urge Biden to help cut costs for market in extreme duress

National Mortgage
Mortgage Finance
4 years ago

A house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on,.. Read More;

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Better.com posts net loss of $303.8 million in 2021

National Mortgage
Mortgage Finance
4 years ago

Better.com posted a net loss of $303.8 million last year and has spent a substantial sum related to its series,.. Read More;

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MIAC has three deals bidding in hot MSR market

National Mortgage
Mortgage Finance
4 years ago

In a sign the mortgage servicing rights secondary sales market is picking up, MIAC Analytics is conducting three separate auctions,,.. Read More;

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