Finance

Resolutions that had been contributing to lower late-pays previously dropped sharply during the month.

BNY Mellon has responded to a market practices group’s recommendation that exposures from forward-settling transactions, inclusive of agency mortgage-backed securities, be margined bilaterally.

Zais Financial Corp. has closed on a $150 million committed financing facility which it will use to purchase whole residential loans.

The Mortgage Bankers Association is pushing for reform of Fannie Mae and Freddie Mac that would temporarily retain existing secondary market functions that accommodate smaller lenders but ultimately improve upon them.

Home Federal Savings & Loan of Nebraska has been selling loans to Freddie Mac for nearly 25 years and wants to continue doing so—but the government-sponsored enterprise is suddenly making it harder for the thrift to maintain the relationship.

Bank of America’s $8.5 billion settlement with mortgage-bond investors is set to be considered by a New York court two years after the lender struck the deal to resolve claims over home loans bundled into securities.

Loan acquisitions rose 8% from March to $77.3 billion in April and commitments to purchase new loans rose 4% in April to $87.5 billion.

Lloyds TSB proceeded with its sales of a portion of its $8.8 billion in legacy nonagency residential mortgage-backed securities paper, and has sold the paper to four different groups.

Ten-year Treasury yields rose as economic data boosted speculation the Federal Reserve may taper bond-buying.

REMN looks to meet the specific needs those institutions have when selling loans on a flow basis.

There has been a lot of speculation about a more full-fledged return of the jumbo securitization market.

Better performance of mortgage insurers this year is a credit positive for state housing finance agency single-family whole loan programs that rely on mortgage insurers to protect against mortgage defaults.

The Community Home Lenders Association has issued a set of principles that it hopes legislators will follow in reforming the housing finance system.

EverBank has a second jumbo securitization in the works backed by $303 million in 15- and 30-year loans.

Armour has lost 13% this year, including reinvested dividends, trailing all real estate investment trusts that buy mortgage bonds in a Bloomberg index of 33 companies.

This week the Federal Housing Finance Agency told a federal judge it had settled its case against Citigroup.

PacTrust Bank, which has been expanding its mortgage business in recent weeks to include warehouse lending and correspondent aggregation channels, has been approved to be a Ginnie Mae mortgage-backed securities issuer.

Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing $1.75 billion of securities, a judge ruled.

Fitch Ratings believes the recent home price gains recorded in several residential markets are outpacing improvements in fundamentals and could stall or possibly reverse.

Redwood Trust Wednesday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.