Finance

Fannie Mae and Freddie Mac loans must comply with the requirements of the qualified mortgage rule starting in January.

Mortgage Bankers Association officials believe the market is improving but not fast enough, and a move toward government-sponsored enterprise reform needs to happen while refinancing is ensuring a liquid market.

A common securitization platform is under full scale development and should be ready for significant testing by next year.

Aklero and NYLX have agreed to a merger with undisclosed terms, forming a new company called LoanLogics Inc.

Real estate investment trust American Capital Agency Corp. recorded a comprehensive loss for the first quarter of $557 million.

OptifiNow, a maker of mortgage lending software, is rolling out a service to streamline paperwork and ease compliance.

Bank of America’s proposed $8.5 billion settlement with mortgage-bond investors should be rejected by a New York court, American International Group said.

Without a government guarantee, the multifamily loan programs run by Fannie Mae and Freddie Mac would be reduced in nonprime lenders that would be dependent on the private securitization market.

The Department of Housing and Urban Development is selling more notes under its Distressed Asset Stabilization Program in the second sale of this type this year.

The Topeka Federal Home Loan Bank is selling $231 million in Mortgage Partnership Finance loans on a flow basis to the Indianapolis FHLB.

Interactive Mortgage Advisors is offering $10.7 billion Ginnie Mae bulk residential mortgage servicing rights on over 62,000 loans.

MBIA said Flagstar Bancorp agreed to pay $110 million to settle a lawsuit accusing it of making misrepresentations to induce MBIA to insure mortgage-backed securitizations that defaulted.

Zacks Equity Research analysts warn that legal tussles about past mortgage-backed security deals faced by JPMorgan Chase, Citigroup and other megabanks are bound to lead to increased legal risk.

Fitch has released a presale report on Irvine Core Office Trust 2013-IRV, a commercial mortgage-backed securitization backed by $875 million in loans on Southern California office buildings.

Fannie Mae and Freddie Mac’s charters exempt them from paying real estate transfer taxes, a federal judge ruled.

Berkadia Commercial Mortgage is looking beyond apartments as the U.S. government scales back in the market.

Silvergate Bank funded $663 million of loans through its mortgage warehouse program, down from $815 million in 4Q12.

Sabal Financial Group is expanding its commercial mortgage-backed securities business with the launch of a transaction support services division called Sabal Commercial Advisors.

President Obama's nomination of Rep. Mel Watt to head the Federal Housing Finance Agency is highly likely to stall in the Senate, but that may not matter to the White House.

Trepp LLC said delinquencies among loans used in commercial mortgage-backed securities are now at their lowest level in over two years.