Finance

All six dealers included in the competitive auction process managed to win a portion, although the bulk was awarded to two shops, Barclays and Credit Suisse.

Standard & Poor’s expects $5 billion of mortgage servicer advance securitizations this year, down from 2013’s $6.5 billion.

Centerline Capital Group named a new regional director for the Western region, who will primarily be responsible for originating Fannie Mae Small Loan transactions in California and Arizona.

Craig Schrank, a producing manager at Willow Bend Mortgage, believes that is what makes the advantage in an otherwise level playing field.

Bank of America reported a gain of more than 2% in its stock price on Wednesday.

The Nigeria Mortgage Refinance Co. will sell bonds on capital markets and provide long-term financing to lenders that will help them extend more home loans.

The $375 million M1 tranche priced at a spread of one-month Libor plus 160 basis points, 40 basis points tighter than the 200 basis point spread on the same tranche of its first offering.

Observers are warning this is only a temporary break as they expect rates to start rising again.

Radian, Bank of America and MGIC lead the 11 Mortgage Industry Equity Composite stocks which closed higher on Tuesday.

The Dow lost 179 points and 14 of the 17 Mortgage Industry Equity Composite members closed lower on Monday.

The Dutch State Treasury Agency has invited Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley to bid on the assets.

Jesse Litvak asked a U.S. District Judge to bar the government from introducing evidence about pay at his trial set to begin next month.

A steep drop in refinances and declining purchase activity are taking a toll on Federal Housing Administration endorsements.

A floating-rate loan on the Fountainebleau Miami Beach backs the single-asset commercial mortgage-backed securities deal, according to a Standard & Poor’s presale report.

On Friday, nine Mortgage Industry Equity Composite members closed higher, six lower and one unchanged.

The parent of PrimeLending makes a 50% stock/50% cash bid for the 76% of SWS it doesn’t own.

The PGA Design Center in Palm Beach Gardens, Fla., which backs a securitized $30 million mortgage sold for only $5.6 million, according to local media reports.

There were seven gainers and 10 losers in the Mortgage Industry Equity Composite on Wednesday.

The GSE regulator will give lenders 120 days’ advance notice of any increases.

Janet Yellen previously distinguished herself at the central bank by issuing distinct warnings about the potential hazard impaired credit assets posed.