Finance

Secondary market agency won't securitize fixed-rate Home Equity Conversion Mortgages that feature a line of credit.

Barriers exist to full-blown recovery in the housing market. Structural barriers. Economic barriers. Regulatory barriers. The list is endless.

Hilltop Holdings in Dallas has finally reached an agreement to buy the remaining shares in SWS Group that it does not already own.

The Federal Home Loan Bank of Atlanta has appointed Bank of Georgetown Chairman Michael Fitzgerald to its board of directors.

Bank of America Corp. should face Securities and Exchange Commission claims over $855 million in mortgage-backed securities, said a judge who last week advised that a Justice Department complaint over the same securities should be thrown out.

Regulators are going against Congressional intent in their latest "qualified residential mortgage" proposal, former Rep. Barney Frank said.

The Federal Home Loan Banks' Office of Finance said members are borrowing more, yet net income for the system fell from the previous year.

The lender can experience problems selling a loan that loses qualified mortgage rule's protection. The lender also could be stuck in a vulnerable position if that loan ultimately defaults.

Trepp has launched TreppTrade Quick Analysis, a free tool that enables banks and commercial real estate companies to calculate cash flows and price yields on commercial mortgage-backed securities.

Wells Fargo ended its partnership with Douglas Elliman and eight others it had last summer. The new partnership is with The Federal Savings Bank.

The allegations centered on the broker and original lender’s conduct in connection with a payment of a yield-spread premium.

Senate Banking Committee leaders said Friday they would hold a panel vote on April 29 to reform the housing finance system.

A proposal by the Financial Industry Regulatory Authority designed to reduce counterparty risk in the forward market for mortgage bonds troubles some market participants, who say that the measures could have the opposite effect.

Bank of America Corp. should win dismissal of a U.S. Justice Department lawsuit accusing it of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities, a judge said.

Rep. Maxine Waters, D-Calif., unveiled a new plan Thursday to overhaul the housing finance market, entering what's becoming a crowded field of proposals to restructure the mortgage system.

Bank of America Corp. agreed to pay about $9.5 billion to settle government claims tied to faulty mortgages.

Redwood Trust, the biggest issuer of U.S. home-loan securities without government backing last year, ended a four-month absence from the market with a $342 million transaction.

Edward DeMarco will step down from the Federal Housing Finance Agency nearly five years after becoming its acting director.

Federal regulators issued a proposal Monday that would establish standards for states that register and supervise appraisal management companies.

A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.