OTHER NEWS
The Learning Center
Our Learning Center ensures that every reader has a resource that helps them establish and maintain a competitive advantage, or leadership position. For instance, loan originators and brokers will have one-click access to resources that will help them increase their productivity. Search topics by category and keyword and generate free videos, webinars, white papers and other resources. If you would like to add your content to the learning center, please click here or email Tim Murphy at [email protected].
Chris Frankie
Demystifying Credit Risk Transfer
- Friday, 31 January 2020
The author is Don Layton, Senior Industry Fellow at the Joint Center for Housing Studies of Harvard University and the CEO of Freddie Mac from May 2012 until June 2019.
Freddie Mac and Fannie Mae securitize mortgages they purchase from bank and non-bank lenders. In doing so they sell the complex interest rate risk of those mortgages to bond market investors, but historically retained 100% of the associated credit risk.
Read more...Strong 2019 Close Pushes Mortgage Delinquenices to Near-Record Low: Black Knight
- Thursday, 30 January 2020
December saw a strong improvement in the national delinquency rate (down 3.75% from November and more than 12% from last year). At 3.40%, 2019 ended with the delinquency rate within 0.04% of the record low set back in May.
Read more...Howard Bancorp to Shutter Mortgage Lending Business
- Sunday, 26 January 2020
Howard Bancorp., the parent company of Maryland’s Howard Bank, announced plans to close down its mortgage lending operations.
Read more...