Finance

FCI Lender Services has passed a SOC 1/Statement on Standards Attestation Engagements No. 16 “superaudit” of service organization controls and become a ranked special servicer.

Republic Bancorp said that in 19 months of operations, its warehouse lending business has lines of credit outstanding of $217 million from total credit commitments of $331 million.

Noninterest income in the fourth quarter at PNC Financial Services Group was impacted by the previously announced $254 million provision related to mortgage loan repurchase requests.

First Niagara will recognize a pretax adjustment of $16 million in 2012 to accelerate premium amortization on its portfolio of collateralized mortgage obligations.

Ohio State University is coming to market Wednesday with $350 million of bonds that feature a new credit for the state’s leading flagship university.

Standard & Poor's raised the Chicago Housing Authority's issuer credit rating one notch to AA following criteria changes.

Homebuilders remain optimistic that a housing recovery will continue to take shape this year.

While private-equity firms snap up foreclosed homes in California, Arizona and Florida, smaller investors have found bargain-basement bonanzas in Detroit.

He calls the law tightening oversight of Wall Street among the most “harmful our capital markets have seen,” while she has compared bankers to gangsters.

Purchase applications have risen to the their highest level since April 2011.

The Federal Housing Finance Agency will have a new deputy director who left the FDIC to head its division of housing mission and goals.

Walter Investment Management Corp. is looking for a $475 million incremental financing facility to pay the initial installments on the $93 billion Fannie Mae mortgage servicing rights portfolio it is buying from Bank of America.

Beech Street Capital closed an $11.3 million Fannie Mae conventional loan for the acquisition of the Carriage House and Coach House Apartments in the Boston area.

It’s becoming clear that investments based on the backlog of discount assets won’t last forever and investors need to be prepared for it.

Farmer Mac has priced a preferred stock offering which will raise $60 million in Tier 1 capital.

Carrington Mortgage Services plans to begin offering the Federal Housing Administration’s streamline 203(k) loans through its retail business as well as a brokered product.

As the winter months take hold in which home prices are known to plummet, the cold weather has so far not dampened prices.

Concerns are growing that Fannie Mae and Freddie Mac are rethinking their loan buyback policies in light of the qualified mortgage rule that the Consumer Financial Protection Bureau issued last week.

Billionaire Leonard Blavatnik accused JPMorgan Chase & Co. of losing 10% of the $1 billion he gave the bank to manage by making unauthorized investments in subprime mortgages.

Ginnie Mae mortgage-backed securities issuance edged down slightly in December after hitting a three-year high in November.