Finance

Fannie Mae and Freddie Mac are poised to begin funneling healthy quarterly revenue back to the U.S Treasury as the housing market rebounds.

Bank of America stocks received the highest bids on Thursday.

Kenneth Cohen, the head of commercial real estate finance at UBS AG, is leaving to join Bank of America Corp.

American Capital’s assets grew to $100.5 billion at the end of last year from less than $5 billion three years earlier, making the real estate investment trust the largest after Annaly Capital Management.

Almost two-thirds of stocks in this publication’s Mortgage Industry Equity Composite ended the day with slight gains on Wednesday.

Fannie Mae might recognize a portion of its deferred tax assets in the fourth quarter and take the rest of the DTAs over the next several quarters.

Matt Nevins has joined the Securities Industry and Financial Markets Association as managing director and associate general counsel with SIFMA’s Asset Management Group.

Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data.

JPMorgan Securities and Deutsche Bank are working on a $285 million commercial mortgage-backed securities deal collateralized by the Hotel del Coronado in San Diego and the intellectual property rights associated with its brand name.

Fannie Mae and Freddie Mac are exempt from paying real estate transfer taxes.

The Federal Housing Finance Agency has proposed banning force-placed insurance commissions in a blow to banks and other mortgage servicers.

Freddie Mac purchased nearly $43 billion in mortgage loans and securities in February, down fractionally from January.

The National Association of Realtors’ venture capital fund Tuesday named six participating real estate technology start-ups it will be working with.

The concern seems not to be the concept itself so much as its inclusion among larger structural weaknesses in jumbo mortgage-backed securities.

One reason mortgage credit remains tight is because Fannie Mae and Freddie Mac have not spelled out their policies on loan buybacks, according to the chief executive of Wells Fargo Home Mortgage.

DBRS provided its take on recent representation and warranties trends in residential mortgage-backed securities it finds have “the potential to considerably weaken investors’ ability to demand a repurchase.”

Quicken Loans head William Emerson said higher interest rates won’t damp housing’s recovery and his industry will benefit from refinancings if the economy cools.

Stocks in the mortgage industry equity composite came in mixed again, but some did a little better than the Dow, which ended the day down 0.44%.

Most commercial mortgage-backed securities delinquencies peaked at 10.34% in the middle of 2012 and fallen since then, but the 2007 vintage's remain high with an average delinquency rate of 14.6% over the past 12 months, according to Trepp.

VA Loan Captain is providing lender support for Re/Max's Veterans First Program.