Finance

There were 11 of 17 Mortgage Industry Equity Composite members that closed higher on Tuesday as the Dow Jones Industrial Average ended a three-day losing streak.

The Senate Banking Committee is moving forward with a plan to overhaul the housing finance system, but leaders still face a delicate balancing act in swaying some liberal members of the panel to sign on to the bipartisan effort without losing conservative supporters.

Edward DeMarco still mum on his plans but some expect he will leave the FHFA after the transition.

Fidelity National Financial saw its stock price decline 1.5% on the second trading day following the deal's completion.

London unseated New York as No. 1 in the ranks of best cities for the first time since 2009, the Association of Foreign Investors in Real Estate’s survey finds.

Lawmakers are expected to forge ahead on several key initiatives in the new year, including housing finance reform—but must move quickly in the early part of 2014 before legislative action grinds to a halt ahead of the mid-term elections in November.

There were six Mortgage Industry Equity Composite stocks which closed lower, 10 higher and one unchanged.

As FHFA director, Mel Watt will review proposed loan fee hikes.

Office property delinquencies fell by over $1 billion, retail dropped by $7 million, multifamily declined by $256 million, industrial fell by $109 million, and lodging dropped by $13 million.

Federal Housing Finance Agency claims against 12 companies, including Goldman Sachs Group and Bank of America, are still in litigation.

The deal ended up costing the title insurer $37.14 per share in cash and stock.

This group is still relying on advice from other sources rather than making their own calculations.

Ellie Mae had the largest percentage loss among Mortgage Industry Equity Composite stocks on Tuesday.

Senior tranches of bonds backed by Italian mortgages have the most to gain among European securitized assets from an economic recovery in the region.

The company removed $226 million of Federal Home Loan Bank advances from its balance sheet.

Securitization will be the new source of funds for originators whose volume is affected by the Federal Housing Finance Agency cap.

There are concerns about the fund that helps to subsidize these bonds.

The Mortgage Industry Equity Composite had nine members close higher and eight lower following the release of the disappointing existing sales report.

Hudson City’s planned expansion into commercial real estate lending is on hold as the acquisition by M&T drags on.

There are mixed forecasts for this loan channel, but some believe qualified mortgage rule regulation is a reason for it to grow.