Finance

Bank of America’s Countrywide unit was found liable by a jury in Manhattan federal court last month for selling the government-sponsored entities thousands of defective loans in the first mortgage-fraud case brought by the U.S. to go to trial.

Refinancings made up just 28% of loan production in September.

Single-issuer Ginnie I pools have been the mainstay of the Ginnie MBS program for decades.

Radian Group ends the day down 2% as investors continue to react to CEO S.A. Ibrahim's comments about the mortgage insurance industry.

Lower Federal Housing Administration premiums are a possibility that Ginnie Mae securities investors must keep tabs on because they could move markets. FHA increased premiums but is worried about lower production volumes.

Texas properties secure more than 60% of the low-rate Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights.

Emphasis on refinancing has left the purchase market in the dust.

Investors are demanding more yield and lower prices to compensate for additional duration risk, and Redwood believes its latest deal can deliver what buyers need.

There were 15 of 17 Mortgage Industry Equity Composite stocks which closed lower.

He is trying to give a realistic forecast of the housing market.

The GSE benefits from lower defaults, rising home prices. It is now within a few billion dollars of paying off its debt to taxpayers.

The company set aside $174 million to cover potential losses associated with repurchases.

With its ancient technology updated, the agency now is developing a scorecard to spot troubled mortgage-backed securities servicers.

Thirty-year conventional speeds fell 8%, surprising analysts who had expected a 5% increase.

The GSE feels continuing profitability justifies recognition of deferred tax assets.

The GSE may hold off on releasing deferred tax assets.

Freddie’s second sale of notes tied to the risk of homeowner defaults came in at a lower cost than in its initial offering, according to one source familiar with it.

Reserves covered Wells’ payment and the bank is making some progress when it comes to reducing its potential legal expenses.

The technology company's common stock price has lost $5.27 per share since it released its 3Q13 earnings.

Blackstone’s Invitation Homes borrowed more through the deal relative to the value of the houses serving as collateral for the bonds than recent residential-mortgage securities.