Finance

Issuers are adding another layer of protection at a time when lawmakers are examining how to wind down Fannie Mae and Freddie Mac and bring private capital back into the mortgage market.

California Realtors are raising objections to the Corker-Warner GSE reform bill because of the reduction in loan limits in high-cost areas.

The credit union lobby on Tuesday was measured in its comments about the proposed privatization of Fannie Mae and Freddie Mac, even as it seeks to carve out secondary market protections for credit unions.

A bipartisan group of senators has proposed replacing Fannie Mae and Freddie Mac with a newly created government reinsurer.

While overall application volume decreased by 3% from the prior week on a seasonally adjusted basis for the week ended June 21, purchase applications were up, the Mortgage Bankers Association said.

The bipartisan bill calls for winding down Fannie Mae and Freddie Mac which currently purchase loans from lenders for cash.

We're hearing a lot about underwriting loosening a bit in the residential mortgage world.

Executives at Lennar Corp. said they are finding some marginal loosening in residential loan underwriting that has been too tight.

The first-lien holder on a single-family mortgage will be able to block the borrower from taking out a second lien under a government-sponsored enterprise reform bill slated to be introduced today.

Yet another CMBS is on the way through JPMorgan Chase Commercial Mortgage Securities Trust.

Although housing market stability and new issuance that has risen to its highest point since 2007 have been helping private-label residential mortgage-backed securities to some degree, Standard & Poor’s said it considers the outlook stable.

Yields on Fannie Mae and Freddie Mac mortgage bonds that guide U.S. home-loan rates extended increases sparked by a potential slowing of the Federal Reserve’s debt purchases.

Flagstar Bancorp will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty.

After five years in conservatorship, Fannie Mae and Freddie Mac still use separate automated underwriting systems with different credit standards.

Federal Reserve chairman Ben Bernanke has given a little bit more guidance on where the Fed is headed with its plans for unwinding mortgage-backed securities purchases.

Yields on Fannie Mae and Freddie Mac mortgage bonds that guide U.S. home-loan rates headed toward the largest weekly increase in four years.

A U.S. House subcommittee has approved an appropriations bill that includes cuts to federal spending for public housing and transit.

Amherst Securities Group has brought on UBS veteran Chris McDowell as part of an effort to expand its commercial real estate finance business.

Moody’s Investors Service has put on review for downgrade 1,079 tranches from 299 shifting interest/pro-rata U.S. residential mortgage-backed securities transactions that are reaching or getting closer to the end of their terms.

The coming week could be an important milestone in the march toward GSE reform as the White House comes under pressure to reveal its approach to winding down Fannie Mae and Freddie Mac.