Finance

Strong demand for refinancings pushed up Fannie Mae’s loan purchases and MBS issuance last year by 40% compared to 2011.

The Eleventh Federal Home Loan District Cost of Funds Index increased seven basis points between November and December to 1.071%.

The Mortgage Industry Advisory Corp. is offering a $457 million portfolio of residential mortgage servicing rights on behalf of an unnamed national mortgage originator.

Moody’s Investors Service finds commercial mortgage-backed securities loan credit quality indicators favorable for the time being but is cautious about 2013.

Following a relatively stable fourth quarter of 2012 the U.S. CMBS delinquency rate fell 14 basis points to 9.57%.

Capstead president and CEO Andrew Jacobs expects there will be more stability in the company’s results this year absent more federal rate intervention.

The district attorneys in three California counties sued over the use of the Transaction Point system.

The private mortgage insurers are accepting Loan Prospector or Desktop Underwriter approval for their own underwriting.

CreXus has agreed to let Annaly Capital Management acquire the rest of the outstanding shares of the company it does not already own for $13 per share in cash.

D.R. Horton plans to offer and sell two types of senior unsecured notes totaling in aggregate several hundred million dollars.

Arbor Commercial Mortgage has gotten the go-ahead to participate in the Department of Housing and Urban Development’s Low-Income Housing Tax Credit pilot program.

The Securities and Exchange Commission is likely to continue filing cases tied to residential-mortgage-backed securities.

Freddie Mac made plans for its second multifamily securities offering for the year and released figures that show its overall multifamily volume set a record in 2012.

New York Community Bancorp said its 2012 mortgage banking income was more than double 2011’s, ending the year at $179 million.

After last year’s false start, the government-sponsored enterprises plan to introduce risk-sharing bonds this year.

Bank of America Corp. lawyers asked a federal judge to dismiss American International Group’s fraud claims over devalued Countrywide Financial mortgage-backed securities it had to sell as part of the government bailout.

Government-approved lenders issued nearly $395 billion in Ginnie Mae MBS in calendar year 2012, up 20% from the prior year.

Issues related to default risk and losses associated with delinquent HOAs are the iceberg many in the industry still fail to see.

Silvergate Bank said gains from its reverse mortgage banking business and warehouse lending fee income were the biggest contributors to the fourth-quarter and full-year 2012 increases in noninterest income.

Reopening the U.S. mortgage securitization pipeline is a vital step toward a housing market recovery that will boost the wider economy.