Finance

First Horizon National set aside $200 million to cover its repurchase agreement with Fannie as well as higher estimated losses from the mortgage business it sold in 2008.

Increasing home prices over the past 18 months combined with decreasing foreclosures have led to a slowdown in the number of properties flipped.

Astoria's earnings rose 10% from a year earlier, to $14.7 million, or 15 cents a share.

Jeremy Diamond says in an email he is resigning after 12 years at the company, one of the REITs hit hard by speculation about reduced Federal Reserve bond buying.

The credit union has agreed to dismiss claims that Barclays filled the CDO with junk, hastening the demise of the one-time $2.4 billion credit union.

There may not be any more Fannie Mae risk-sharing deals until next year, when its regulator sets more goals for this.

Troy Dixon, a managing director who trades mortgage bonds at Deutsche Bank, is leaving after almost eight years and plans to start a hedge fund.

Conventional purchase apps are down 4% from the prior week and on an unadjusted basis, total purchase application activity is down 1% from the same week last year.

The FHFA introduced the idea for the platform earlier this year, as a way to reduce costs to taxpayers because there is one platform, not two, to maintain.

His successor, Jose Ramon Gonzalez, has served on the board of directors since 2004 and he joined the management team on Tuesday as the executive vice president.

The $350 million in proposed senior unsecured notes due 2021 currently have a 50% to 70% chance of recovery in a default for those reasons.

Freddie Mac conducted its first bulk sale to test the market for seasoned multifamily loans and discovered strong investor interest.

Morgan Stanley and Bank of America priced $1.27 billion of commercial mortgage-backed securities.

Over the next 12 months, Northview Hotel Group plans to execute an extensive renovation of the Queen & Crescent hotel in order to maximize the value of the property.

The volume of appraisals being completed within the last year has slowed down due to new regulation that has been imposed for the industry.

Housing Finance Agencies in the U.S. have the highest ratings ever and are maintaining strong financial ratios, according to Standard & Poor's.

Fannie Mae and Freddie Mac should “at least marginally reduce loan limits” to reduce the government’s dominance of the mortgage market.

If there’s one point of consensus when it comes to recent reform’s effect on Home Equity Conversion Mortgages and the securitized market for them, it is that they will be in shorter supply going forward.

A quarter-to-quarter decline is due to higher mortgage rates and seasonal factors.

The portfolio is going up for bid on Oct. 17 and is reportedly from an entity that originally planned to be a buyer rather than seller.