nationalmortgage

Secondary

• BB&T Says 50% of its Warehouse Commitments are Funded

  National Mortgage News | September 3

  BB&T Corp., Winston-Salem, N.C., said roughly half of its $1.5 billion in warehouse commitments are currently funded.

• REIT Says 4Q Jumbo MBS Will be $300MM in Size

  National Mortgage News | September 3

  Redwood Trust Inc., Mill Valley, Calif., says in its new quarterly review that it likely will come to market with a $300 million jumbo MBS sometime in the fourth quarter.

• FHFA Sets New Affordable Housing Goals for GSEs

  National Mortgage News | September 2

  The GSE regulator Thursday issued new affordable goals that Fannie Mae and Freddie Mac are expected to meet this calendar year.

• Warehouse Lending Chief Out at Southwest Securities

  National Mortgage News | September 2

  David Frase, executive vice president in charge of warehouse lending at Southwest Securities FSB, Dallas, has left the company, industry officials confirmed to National Mortgage News.

• Jumbo Production Increases But Secondary Sales Don’t

  National Mortgage News | September 1

  Jumbo loan production—in particular non-GSE jumbos—has increased nicely the past few quarters, but it appears that hopes for a revival in the securitization market for these mortgages may be stillborn.

• MetLife Has Big Plans for Warehouse Unit

  National Mortgage News | September 1

  MetLife Bank plans to officially launch its new warehouse lending division in the fourth quarter and is in the process of hiring between four and six additional staffers for the business.