Finance

Despite being introduced to the market with great fanfare, Fannie Mae's 3% down payment mortgage offering has yet to gain much traction with lenders and consumers.

NMI Holdings Inc., the parent company of National Mortgage Insurance, lost $10.4 million in the second quarter, compared with a $12.9 million loss one year prior.

delinquencies, CMBS, commercial mortgage-backed securities,Trepp

Freddie Mac's second-quarter single-family funding was the strongest it's been in a year, positioning the company to supplant the coming drop in refinancing with purchase mortgages.

Ginnie Mae has updated the procedures manual used by the custodians of documents involved in mortgage-backed securities.

United Guaranty Corp.'s second-quarter pretax operating income fell 25% from a year ago due to a less favorable adjustment to its loan loss reserves.

Freddie Mac will send $3.9 billion to the Treasury Department next month after reporting second-quarter net income of $4.2 billion.

Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to the Mortgage Bankers Association.

Freddie Mac has launched its first securitization of small-balance loans on multifamily properties. The 44 mortgages backing the $108 million of SB1 Certificates are underwritten by Freddie Mac and originated by Greystone Servicing Corp.

Goldman Sachs Group Inc. increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9 billion.

Goldman Sachs Group Inc. has agreed to pay around $270 million to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

Fidelity National Financial has recapitalized ServiceLink Holdings, increasing its ownership in the transaction services company.

Fidelity National Information Services Inc., the payment-services provider, is in exclusive talks to buy SunGard Data Systems Inc. in a deal with an enterprise value of more than $8.3 billion, people familiar with the matter said.

The Department of Housing and Urban Development found recently that a Federal Housing Administration down payment assistance program translated to higher mortgage rates for borrowers.

The House Financial Services Committee approved a bill that would delay the Consumer Financial Protection Bureau's enforcement of the new TILA-RESPA integrated disclosure rules. It also approved two additional bills addressing the qualified mortgage rule and GSE executive compensation.

Green River Capital has rolled out a new surveillance service for single-family rental properties called Retail Asset Management & Performance.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

The price of loans that underlie commercial mortgage-backed securities fell from May to June, according to DebtX.

A dispute over pay for the chief executive officers at Fannie Mae and Freddie Mac could put Barack Obama and House Republicans together in an unusual alignment against a housing official appointed by the president.

The California Housing Finance Agency has ended its use of a U.S. Treasury liquidity program that the agency had relied on since 2009.