Finance

Constraints on GSE loan volume and an overall dearth of liquidity were among the biggest issues at hand during the Mortgage Bankers Association's Secondary Market Conference in New York. Here's a recap of the event.

Colony American Homes paid up for its latest securitization of single-family rental homes, which has a duration-weighted blended interest rate of Libor plus 188.8 basis points.

JPMorgan Chase's $500 million settlement with pension funds over Bear Stearns' sale of mortgage-backed securities was approved by a federal judge.

Freddie Mac auctioned off 1,052 delinquent nonperforming loans serviced by Ocwen on May 21 as part of its Standard Pool Offerings.

Freddie Mac's monthly Multi-Indicator Market Index showed almost 80% of the top 100 housing markets in the country continued to improve in March from February.

Freddie Mac is in the market with its fourth risk-sharing transaction of the year.

In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector automated underwriting system.

Technology that takes into account the sales, cost and income approaches to property valuations is a more comprehensive method of risk assessment and can help detect pricing bubbles before they wreak havoc on the mortgage and real estate industries.

Royal Bank of Scotland Group, Britain's largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities.

The Mortgage Collaborative has entered into an agreement with Fannie Mae that would make certain enhancements of its benefits available to its lenders.

Exeter Financial has hired former Freddie Mac executive Paige Wisdom to be its chief financial officer.

Barclays dismissed mortgage-bond trader Yoon Seok Lee over claims that he lied to clients.

More powerful employment and wage gains are necessary to fuel home purchases, according to mortgage industry economists.

Colony American Homes is working on its third-ever single-family rental securitization, according to Kroll Bond Ratings Agency.

JPMorgan is marketing $379 million of securities backed by a pool of mostly 30-year, fixed-rate residential mortgages.

Fannie Mae has a pessimistic outlook on U.S. economic growth following underwhelming first-quarter numbers in 2015, though mortgage market optimism remains thanks to low interest rates.

Promontory said Wednesday that it acquired FS Advisory from Date, who founded the consulting practice along with Fenway Summer in 2013 after leaving the Consumer Financial Protection Bureau as deputy director.

Mortgage bankers facing new demands on their businesses are becoming increasingly interested in new sources of liquidity, particularly through mortgage servicing rights financing vehicles.

Weak economic growth in the first quarter did not temper Freddie Mac's projections for the mortgage market for the full year.

The Rural Housing Service should merge with the Federal Housing Administration to save money and improve service, the head of the Government Accountability Office testified Tuesday.