Finance

W.J. Bradley Mortgage Capital executives find deciding whether holding or selling mortgage servicing rights is worthwhile for the company in the long run both tough and rewarding.

Fannie Mae issued $7.6 billion of multifamily mortgage-backed securities in the second quarter from newly originated loans.

The Federal Housing Finance Agency has made it a priority to develop a single platform as opposed to upgrading the individual platforms that Fannie and Freddie currently use.

Ginnie Mae is moving closer to merging the Ginnie I mortgage-backed security program into the Ginnie II MBS program.

CIFG Assurance North America agreed to settle lawsuits against Goldman Sachs Group and Capital One Financial’s GreenPoint Mortgage Funding over mortgage-backed securities.

Oregon lawmakers passed an $800 million bonding package to fund construction projects.

A federal judge has rejected Standard & Poor’s bid to dismiss a Justice Department suit claiming it intentionally ignored its own standards rating risky investments sold to WesCorp FCU and Eastern Financial Florida CU.

GreenPoint Mortgage Funding was sued over about $400 million in losses on mortgage-backed securities by investor trustee U.S. Bancorp.

The spike in interest rates last week affected both purchase and refinance application volume, as the total number of loan applications submitted the week ended July 5 declined by 4% on a seasonally adjusted basis from the previous week.

The jumbo residential mortgage-backed securitization is collateralized by a $440 million pool of First Republic Bank-originated and serviced loans.

We're hearing from law firm ReedSmith that the upcoming 100-mile Pennsylvania restriction on how far a mortgage originator may live from his or her office raises some questions.

Wells Fargo plans to issue a $1.4 billion conduit transaction called Wells Fargo Commercial Mortgage Trust 2013-LC12.

As a member of RealtyTrac Network, Laffey Fine Homes will have access to RealtyTrac’s data sets.

Fannie Mae plans to sell about $1 billion of home-loan bonds without U.S. backing from its holdings.

U.S. bond yields suggest investors anticipate the Federal Reserve will announce a reduction in asset purchases at its September policy meeting, according to JPMorgan Chase’s Heather Loomis.

The National Low Income Housing Coalition has sued the Federal Housing Finance Agency for failing to fund the National Housing Trust Fund that Congress created in 2008 to finance affordable housing.

Buried in the Corker-Warner reform bill are two provisions that would give the Federal Home Loan banks an opportunity to play a major role in the new housing finance system.

The offering, Freddie’s 11th K deal this year, is backed by 87 recently originated multifamily mortgages.

The widening in structured finance spreads is not yet a cause for credit concerns, according to Standard & Poor’s.

A Credit Suisse report shows the rate of 30-year conventional prepayments dropped 10% in the latest month.