Finance

Jumbo lender Redwood Trust has completed the approval process to a Fannie Mae and Freddie Mac seller/servicer.

Freddie purchased $50.3 billion in participation certificates during the first six months of 2013, compared to $15.6 billion in the same period in 2012.

Goldman Sachs, Jefferies and Citigroup have lined up a $1.2 billion conduit CMBS deal that is backed by 84 commercial mortgage loans secured by 132 properties.

Banc of California reported better-than-expected quarterly earnings that reflected recent acquisitions.

Passport Capital sold its entire portfolio of mortgage debt backed by the U.S. government in the second quarter.

The latest round of 30-year conventional mortgage-backed securities prepayment speeds were 9% slower than the previous month.

President Obama ended his administration's self-imposed blackout regarding housing finance reform on Tuesday, finally endorsing a specific approach after effectively punting on the issue more than two years ago.

Freddie Mac posted earnings of $5 billion in the second quarter, up from $4.6 billion in the first quarter.

Given the spike in interest rates over the past couple of months, even a small increase in application volume of 0.2% on a seasonally adjusted basis for the week ended Aug. 2 could be considered as good news.

Ginnie Mae has started providing loan-level data on newly issued single-family MBS and soon investors will be able to receive monthly updates on the performance of the underlying loans.

It sounds like people are optimistic about Freddie Mac’s recent risk-sharing transaction even though they have some questions about them.

PHH Corp. Tuesday commenced a tender offer to purchase for cash up to $300 million aggregate principal amount of its $450 million outstanding amount of 9.25% senior notes due 2016.

First Financial Network Inc. is offering two loan portfolios from two unnamed sellers.

The Obama administration will be calling on Congress to pass legislation that will allow Fannie Mae and Freddie Mac to refinance underwater loans in private label securities.

There are questions about how the government-sponsored enterprises’ risk sharing bonds may be treated under Basel III international accounting standards that could affect bank investors’ appetite for them.

LenderLive Network has been approved by Ginnie Mae as an issuer of the agency’s mortgage-backed securities.

HSBC Holdings said possible damages from a lawsuit filed by a U.S. regulator over improperly sold mortgage-backed securities could cost the bank as much as $1.6 billion.

A loan scenario posted on the Mortgage Grapevine is looking for a rate and term refinance.

Ambac Assurance’s segregated account won court approval to make cash payments of more than of 25% of on certain policies.

Freddie Mac said that its 50th offering of multifamily mortgage-backed structured pass-through certificates since it began the program in 2009 is in the pipeline.