Finance

Home equity investment/sharing products have had mixed success historically but FirstREX appears to be making some inroads supporting home purchase downpayments in the Pacific Northwest.

A more mature bank-owned foreclosure-to-rental property market is attracting a different type of investor into this new reality and likely changing how business will be done in 2014, an insider says.

The North Carolina Democrat will be the first confirmed director of the FHFA in five years.

The title insurer had the highest gain among Mortgage Industry Equity Composite member stocks on Tuesday.

Securitization of single-issuer pools falls to new lows.

The new division among other things will offer services related to mergers and acquisitions, benchmarking reports, compliance, operational reviews, and leadership, management and organizational strategy.

Nationstar is bringing to market a $154-million-plus residential mortgage-backed securities deal backed by seasoned, nonconforming collateral, according to a Standard & Poor’s presale report.

There were 11 Mortgage Industry Equity Composite stocks which closed higher than they did on Friday and six lower.

A stand-alone quality control unit may soon become a casualty of the heightened mortgage regulatory environment.

This is the largest U.S. Countrywide MBS class-action settlement filed on behalf of investors, according to plaintiffs’ lead counsel.

The nonbank has cracked the nationwide top ten servicing list and now wants to increase originations share.

Senators warned that using guarantee-fee revenue to offset government spending will complicate Fannie and Freddie reform.

NMN also got a wry remark suggesting that big banks could be tapped to help fund the nation’s health care.

The performance of mortgage-related shares tracked by this publication ranged from an increase in value by as much as 3% to a loss of more than 1%.

The Netherlands is auctioning off mortgage-backed securities it acquired when it bailed out ING Groep NV in 2009.

The qualified mortgage rule’s implementation was supposed to give mortgage-backed securities market participants more certainty about collateral value, but remaining questions about government policy keep PLMBS a work in progress.

The Pittsburgh regional bank previously resolved Fannie Mae repurchase demands for an undisclosed sum.

Only Minnesota’s giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.

A perceived lack of HARP eligibility can be changed, in some cases just by checking addresses.