Sentences with phrase «mortgage loans on their books»

While most of the larger banks sell all of their loans to Fannie Mae and Freddie Mac, smaller regional and community banks and credit unions often keep at least some of their mortgage loans on their books.

Not exact matches

The consensus, though, is now leaning toward scrapping that requirement and allowing issuers of mortgage - backed securities to retain no portion of the loans on their books even in the case of mortgages with very small downpayments.

Jumbo mortgages can not be handled by Fannie Mae or Freddie Mac, the two government - chartered lenders, so the loan will be kept on the lender's own books or transferred to another entity.

Book the mortgage interest expense on the income statement and then cancel the principal repayment account with the loan account.

Lenders that extend a jumbo mortgage product to the marketplace don't have a place to sell that loan, they must keep that loan on their books.

The analysis is based upon mortgage loans booked between November 2011 - April 2012 and subsequent performance on those loans through October 2013.

Once again, while banks are sufficiently capitalized to retain loans on their books, smaller lenders are not and thus would need to increase mortgage lending rates to offset additional risk, thus increasing costs to consumers.

Variable - rate loans — Option Adjustable Rate Mortgages (Option ARMs) in particular — were especially attractive, because they carried higher fees than other loans and allowed WaMu to book profits on interest payments that borrowers deferred.

They couldn't write nearly as many mortgages if they had to keep those loans on their books and wait for the mortgage payments to come trickling in.

The loan performance on Fannie's book of business is substantially better than the overall mortgage market.

It doesn't do them any good to have a non-performing loan on their books, which is the terminology used to describe a homeowner who is not paying his or her mortgage.

The QRM rule provides a set of requirements a loan must meet to be considered safe and eligible to be sold to investors as part of a mortgage - backed security without the lender having to retain 5 percent of the loan amount on its books.

In Brandon Turner's book «The Book on Rental Property Investing», he states that you have your tenants paying your mortgage for you, and that he could work a minimum wage job for the rest of his life and still retire a millionaire because of the tenants paying down the lbook «The Book on Rental Property Investing», he states that you have your tenants paying your mortgage for you, and that he could work a minimum wage job for the rest of his life and still retire a millionaire because of the tenants paying down the lBook on Rental Property Investing», he states that you have your tenants paying your mortgage for you, and that he could work a minimum wage job for the rest of his life and still retire a millionaire because of the tenants paying down the loan.

The Wall Street Journal study suggests that the difference in the eviction rates may be explained for a number of reasons, such as that banks tend to hold larger mortgages on their books while tending to bundle small loans and resell them.

Consider what happened last week, when regulators pretty much threw in the towel on new rules requiring mortgage bankers to keep on their books a minimum share of all but the safest loans.

Waiting periods can be shorter for portfolio loans that lenders keep on their own books or longer for so - called conforming or conventional loans that lenders sell to Fannie Mae and Freddie Mac, the government - controlled secondary mortgage market entities, Carpenter added.