Finance

The Federal Reserve said persistently low inflation could hamper the economic expansion and pledged to keep buying $85 billion in bonds every month.

Ally Financial said its second-quarter loss widened on costs from a mortgage settlement and higher provisions for soured car loans.

Richmond, Calif., has offered to purchase home loans from mortgage servicers and trustees and as part of its plan to restructure the underwater loans or potentially seize them through eminent domain.

Mortgage application volume has declined from the previous week even though the 30-year fixed-rate loan interest rate was unchanged, according to the Mortgage Bankers Association.

Ginnie Mae MBS issuance totaled $41 billion in June, basically unchanged from the prior month.

With mortgage rates dipping to all-time lows over the past couple of years, homebuyers had no choice but to become spoiled. Unfortunately, nothing good lasts forever.

We're hearing that it hasn’t been easy to be a real estate investment trust mortgage-backed securities investor recently.

JPMorgan Securities and Barclays Capital are planning to offer $1.01 billion of commercial mortgage-backed securities.

Scott Robinson’s one-year term will begin at the beginning of 2014, followed by one-year terms each as president-elect, president and immediate past president.

Besides retail, EverBank will still purchase loans through the correspondent channel.

The Federal Home Loan Bank of Indianapolis reported $70 million in net income for the second quarter.

Senate majority leader Harry Reid would like to call for a vote this week to confirm Rep. Mel Watt to be the new GSE regulator, but it looks like a vote will be put off until September when the senators return from their August recess.

Rising rates do have an impact on most commercial real estate lending.

Carrington Mortgage Services has begun offering USDA loans through its retail and wholesale lending operations.

Fitch's second-quarter U.S. CMBS cumulative default rate for fixed-rate CMBS increased 10 basis points from 2Q 2012 to 13.7%.

Realogy Holdings will seek to negotiate a lower interest rate on its most senior debt obligations next year.

WSFS Financial Corp. has agreed to buy the mortgage banking company Array Financial Group in Haverford, Pa.

Rivals of MB Financial and Taylor Capital have been hit with questions about how the all-Chicago deal will remake the local banking landscape.

Rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities.

Williams served as managing director in the public policy division at Credit Suisse before launching The Williams Group earlier this year.