Real Estate Broker/Agency News

2022 opens with a big MSR bulk-sale offering

Denver-based Incenter Mortgage Advisors is in the market with a $10 billion bulk-sales package of mortgage-servicing rights (MSRs) tied to Fannie Mae and Freddie Mac loans. The MSR offering involves 36,185 loans that are fairly evenly split between Fannie- and Freddie-backed mortgages. The weighted average age of the loans is 10.8 months, with an average interest

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New CEO for Rocket Mortgage

Rocket Companies today announced that its CEO Jay Farner has stepped away from his role as Rocket Mortgage CEO, to assume the role of CEO of Rocket Central, the mortgage company’s fintech platform. Farner assumed his new role Jan. 1, according to a press release from the Detroit-based company, and

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The big short in housing supply isn’t going away

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions

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FHFA to GSEs: Back to the drawing board on Duty to Serve

A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income. The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. But

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Covius integrates Stavvy for RON and eSign on loan mods

Technology solutions provider Covius announced Tuesday that it is integrating the Stavvy platform into its loss mitigation and loan modification solutions. Covius said that it will use the Stavvy platform to offer RON and eSignature capabilities for all loss mitigation products, regardless of recording requirements. In November 2021, Ginnie Mae

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Mortgage rates start 2022 with an increase

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33%

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