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National Mortgage News Headlines
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The current headlines from National Mortgage News
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Phoenix Capital Working on Large Servicing Deal
Phoenix Capital, Denver, is working on bringing an $800 million package of servicing rights to the auction market, according to one advisor familiar with the transaction.
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Moody's: Good and Bad News on Essent
The entrance of a new firm, Essent Guaranty, into the mortgage insurance space is a positive for the sector as a whole, but could spell bad news for some existing players, according to a report from Moody's Investor Service.
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Commercial Banks Will be Big Buyers of MBS This Year
Commercial banks will be big buyers of agency MBS this year and help keep mortgage rates in check after the Federal Reserve withdraws from the market, according to the head of securitization strategy at Barclays Capital.
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NABE Survey: Banks Won't be Hurt by CFPA
The creation of an independent Consumer Financial Protection Agency would not impair safety and soundness regulation of banks, according to a majority of business economists.
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GMAC/ResCap Loses Another Top Manager
Bill Petersohn, director of bulk acquisitions and capital market sales for Residential Capital Corp., Horsham, Pa., has resigned from the mortgage banker to take a job with an analytics firm.
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Mortgage Loan Calculators
Payment CalculatorVery easy to use and similar to what you've seen all over the web. Multi-Payment CalculatorAllows you to calculate several different loans at once so you can compare payments. PITI CalculatorAdds taxes and insurance to your mortgage payment. Useful because this is how your lender calculates your monthly housing costs to determine your qualifying ratios. If you are impounding your loan, it helps you to know what your total monthly payment will be. Monthly Mortgage & Down Payment CalculatorCalculate your monthly mortgage payment and down payment.
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