Finance

The Federal Housing Finance Agency is close to issuing refinements to the government-sponsored enterprises' representation-and-warranty framework that will limit lender liability on buybacks of legacy loans.

Lenders that use Collateral Underwriter may be eligible for Rep & Warrant relief on appraisal in the future.

Life insurance companies' returns from commercial mortgages in this year's second quarter fell slightly to 2.23%, according to the LifeComps Commercial Mortgage Loan Index.

Freddie Mac has extended First American Mortgage Solution's approved distributor license to resell Freddie's valuation tools.

Changes to representation-and-warranty contracts are also expected to be announced at the MBA Annual.

The second-quarter volume of commercial and multifamily mortgage debt outstanding increased $24.9 billion, or 1%, from the previous quarter, according to the Mortgage Bankers Association, as some of the top investors increase their holdings.

A mortgage group president expects lenders are going to have to gain market share to grow their businesses over the next year or two.

Demand for commercial real estate and business loans continued to rebound in many regions of the country over the past six weeks, the Federal Reserve Board said Wednesday.

Fay Servicing and GSF Mortgage have been approved by Ginnie Mae as issuers of the government agency's mortgage-backed securities.

As the Seattle and Des Moines Home Loan banks inch closer to the first successful voluntary merger in the system's history, observers are beginning to ask which institution will try next.

Fannie Mae and Freddie Mac common shares rose for a fifth day in New York trading, erasing most of their drop tied to a court ruling last month, while the companies’ preferred securities posted smaller gains.

Hard money lenders fear New York watchdog Benjamin Lawsky's investigation into their industry could make the public mistakenly think their business primarily involves making loans designed to fail to homeowners who occupy properties.

WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.

The September volume of new home purchase mortgage applications remained unchanged from the previous month.

Officials want to remove the risk that questions about a dealer’s liquidity could lead to wholesale dumping of assets. Treasuries and mortgage securities represent about 85% of daily repo transactions

Fannie Mae and Freddie Mac will sell large amounts of their credit risk in the U.S. residential mortgage sector.

Independent originators could be shut out from offering this product as there is no secondary market.

United Housing Services America has released the latest version of its mortgage pre-funding and post-closing quality control software.

B of A mortgage strategists are concerned these underserved borrowers will keep housing market activity at "anemic levels."

MountainView Management Co. plans to buy nonprime mortgages made to borrowers with credit scores in the mid to low-600s, maximum 80% loan-to-value ratios and balances as high as $2.5 million.