Finance

The mortgage purchase programs developed by the Federal Home Loan Banks have performed better than the loans Fannie Mae and Freddie Mac purchased during the housing boom.

Private mortgage insurers MGIC Investment Corp. and Radian Group Inc. continued their bullish run.

We're hearing some institutional investors like a home equity sharing product that serves as a partial downpayment for consumers in return for a share of the home’s appreciation over time.

One company has assigned its highest expected investment grade rating to three classes of a single-asset commercial mortgage-backed securitization.

Effective immediately, Freddie Mac servicers can offer delinquent borrowers a streamlined loan modification that can provide payment relief more quickly and with less paperwork than a standard modification.

Fitch has released a presale report on GS Securities Trust 2013-GCJ12, a commercial mortgage-backed securities deal secured by interests in a loan pool almost $1.2 billion in size.

WCS Lending, Boca Raton, Fla., has revamped its wholesale lending channel, moving the majority of the staff to new offices in Concord, Calif., with updated policies, procedures and products in place.

Reflecting on the industry forecast offered by Mortgage Bankers Association economists Jay Brinkmann and Michael Fratantoni, three different images are coming to mind.

Redwood’s seventh 2013 Sequoia jumbo residential mortgage-backed securities transaction is in the pipeline.

AmeriSave Mortgage Corp. has launched a correspondent lending division.

A total of $14,100 was granted from Kirtland FCU and the FHLB-Dallas to replace worn carpeting throughout Joey Campbell’s Albuquerque home with hardwood floors in an effort to help him avoid tripping on seams.

New U.S. commercial mortgage-backed securities delinquencies in April were $747 million, a number that is notable because it marks the first drop below $1 billion since February 2009.

An investigative report on Ally Financial’s relationship with its bankrupt mortgage arm, Residential Capital, may affect settlement talks between the companies and creditors who blame Ally for $25 billion in potential claims.

The Fed’s balance sheet has taken on some of the characteristics of an old-time savings and loan association.

Fannie Mae sold nearly 43,000 foreclosed properties in the first quarter at a price equal to 65% of the unpaid principal balance of the loans.

A New Jersey man faces 60 months in prison followed by three years of supervised release as well as more than $700,000 in restitution payments in the wake of his guilty plea to fraud and money laundering charges in a Lancaster, Pa., area real estate scam.

Changes to the Platinum program or a tender offer for Ginnie Mae Is are among the strategies Ginnie and stakeholders are examining the pros and cons of in trying to avoid a possible future liquidity concern due to shrinking Ginnie I volumes, a Ginnie capital markets executive told this publication.

Equity Loans LLC may have recently added four retail production offices, but the Atlanta-based company’s president believes its future is in diversifying its stream of income and its production capabilities.

A common refrain in Washington these days is that the Federal Housing Administration plays an outsize role in the mortgage market and should return to its traditional market share of 10% to 15%.

Treasury Secretary Jacob Lew said a one-time payment from Fannie Mae confirms that the nation’s debt ceiling won’t be reached until September.