Finance

Greg Reiter, Wells Fargo's head of residential mortgage research who spent more than 25 years specializing in bonds backed by home loans and other securities, has died. He was 52.

Next year Fannie will require that mortgage lenders use so-called trended credit data for all mortgage borrowers, a move it says could broaden access to credit.

ComplianceEase has introduced an insurance-backed warranty program for audited loans.

The White House is pushing back on suggestions that it will cut a deal to recapitalize Fannie Mae and Freddie Mac before the end of President Obama’s term, putting the pressure back on Congress for a solution.

The White House is preparing to push back on the flurry of hedge fund speculation that it may change course on policies that have kept Fannie Mae and Freddie Mac under government control since the financial crisis.

The Florida Supreme Court affirmed the validation of $2 billion in clean energy bonds over challenges brought by banks and a former state legislator.

The servicing industry is also facing higher capital requirements under the Basel III accord that are being phased in.

Quicken Loans is partnering with Freddie Mac to boost business among first-time and middle-income borrowers as it battles allegations over its past underwriting practices on Federal Housing Administration-backed mortgages.

Ditech Financial is tapping the securitization market to fund advances of principal and interest payments to mortgage bondholders.

B2R Holdings, the parent company of B2R Finance, which lends to landlords, has rebranded as Lending.com.

Resitrader has introduced an online marketplace for the exchange of loan data, documents and pricing information.

The issuance of U.S. prime jumbo residential mortgage-backed securities has already surpassed the 2014 total, according to Fitch Ratings.

A new program to provide the benefits of Ginnie Mae securitization to Federal Home Loan Bank members has been slow getting off the ground, but industry insiders say momentum is building.

The Internal Revenue Service has stamped an approval on Bank of America Corp.'s $8.5 billion settlement tied to bad mortgages sold by its Countrywide unit in the run-up to the financial crisis, possibly setting a standard for agreements with other lenders.

The outlook for originations, and regulators' priorities for 2016, will dominate discussions throughout the Mortgage Bankers Association's Annual Convention in San Diego next week. Earmark these eight hot topics and features to seek out at the show.

Profit margins in JPMorgan Chase's mortgage banking unit were down in the third quarter, primarily due to the shift in the mix from refinance activity to home purchases, and from retail loan originations to correspondent lending.

Bank mortgage servicers suffered bigger loan losses in three high foreclosure states than their nonbank counterparts, a Moody's Investors Service report suggests.

The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.

"How's TRID going with you?" is sure to be the most-asked question at the Mortgage Bankers Association's Annual Convention, but fair lending compliance and the Qualified Residential Mortgage rule are among the key market developments that will dominate conversations.

Fannie Mae and Freddie Mac announced this week a revised selling representation and warranty framework at the direction of their regulator, the Federal Housing Finance Agency.