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Realty News:
Mon, 20 May 2013 18:53:53 GMT
- MBA Highlights Opportunity For Private Capital Risk-Sharing With GSEs
Posted To: MND NewsWire Maintaining that the conservatorships of Fannie Mae and Freddie Mac (the GSEs) have caused government involvement in the mortgage market to balloon to unhealthy proportions , the Mortgage Bankers Association (MBA) Monday released the second in a planned series of five concept papers offering its solutions. Today's paper on risk sharing follows Key Steps on the Road to GSE Reform, which suggests that the Federal Housing Finance Agency (FHFA) direct the GSEs to modify the Freddie Mac PC to mirror the exact structure of the Fannie Mae MBS so that these securities would be considered fungible for TBA delivery. In Up-Front Risk Sharing: Ensuring Private Capital Delivers for Consumers MBA says a situation exists today where the government is crowding out private capital and blocking real competition...(read more)
| Mon, 20 May 2013 17:31:58 GMT
- Fannie Forecast Serves up Feast for Housing Recovery Bulls
Posted To: MND NewsWire Fannie Mae's economic and strategic research team today called the housing recovery "undeterred" after it contributed 0.3 percentages points to economic growth in the first quarter. Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick said this was the eighth consecutive quarter that housing has added to growth and the company's Economic Summary for May said recent housing indicators point to continued recovery. The annualized rate of housing starts in March was over one million units for the first time since 2008 , driven solely by a surge in multi-family building which more than offset a decline in single-family construction. Multi-family housing starts are now back to the levels of the early 2000s, benefitting the report says from a continuing decline in homeownership which fell again...(read more)
| Mon, 20 May 2013 16:49:43 GMT
fico, mortgage delinquency - Delinquencies to Decrease Slightly, Price Appreciation Sustainable -FICO Survey
Posted To: MND NewsWire Most risk professionals who participated in a recent survey believe the status quo is going to prevail when it comes to loan delinquencies over the next six months. In survey conducted in the first quarter by FICO and the Professional Risk Managers Association (PRMIA) the respondents, 58.5 of whom said their main area of responsibility was mortgages, were asked to predict the path of delinquencies for seven categories of loans. A plurality expect delinquency rates to stay the same for most loan types and few expect to see further increases. While 45.2 percent of respondents felt mortgage delinquency rates would remain fairly constant over the next six month, 38.5 percent do expect further declines compared to 31.3 percent in the previous survey conducted in the fourth quarter of 2012. Less...(read more)
| Mon, 20 May 2013 16:36:02 GMT
fico, mortgage delinquency - MBS MID-DAY: Morning Gains Give Way to Mid-Day Rout (again)
Posted To: MBS Commentary MBS Live : MBS Morning Market Summary Please note the timestamp on the pricing snapshot below, and that it's about an hour and 15 minutes old. The snapshot will continue to be generated between 11:00-11:10am while the MID-DAY Commentary time may vary depending on market volatility. Lately, MBS have had an unfortunate tendency to reverse course after making gains (or at least holding ground) in the first two hours of the day. When this occurs, our resources are fully allocated to reprice alerts for the MBS Live community . One of those is already reflected in this recap, but there were two additional instances at 11:33am and 12:12pm. Those operational details tell about as much of the story as there is to tell for bond markets this morning. There hasn't been any data, headlines, or events to...(read more)
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