Finance

A plan to extend the corporate bond transparency system to mortgage-backed securities is moving forward.

The servicing rights of Residential Capital Corp. could fetch just over $1 billion.

Aside from those potentially game-changing rules, banks are also facing higher guarantee fees by Fannie Mae and Freddie Mac and higher premiums for Federal Housing Administration loans.

The amount of capital required of depositories to hold residential mortgage servicing rights would jump to 28% under Basel III proposals from 17.2% today.

Ginnie Mae approved 34 new issuers in fiscal year 2012 (which ended September 30), bringing the total universe of government-approved firms up to 406.

Transparency is the word being thrown around by many at the meeting.

Residential Capital Corp. will be sold through an asset sale with possibly $4 billion in proceeds going to the bankruptcy trustee.

Fannie Mae and Ginnie Mae are seeking to protect taxpayers as a flood of new lenders apply to do business with them.

Mortgage Bankers Association president and CEO David Stevens declared that Fannie Mae and Freddie Mac should go through the same rule-making process as any other government agency while they are in conservatorship.

PCV Murcor released at the Mortgage Bankers Association’s annual convention what it described as a Rental Broker Price Opinion with some new twists.

It’s safe to say that Debra Still, the incoming chair of the Mortgage Bankers Association, is battle-tested.

With origination volumes booming, PennyMac has doubled a repo facility it had with Citibank.

Fannie Mae hopes to attract more private capital to the business but so far it's been tough sledding.

As Michael Young prepares to depart as chairman of the Mortgage Bankers Association he has two items at the top of his Washington wish list: that regulators “get it right” on both the qualified mortgage and qualified residential mortgage rules.

Keep your ears open in Chicago at the MBA show for hints about which way the minimum net worth requirement is leaning.

Sterling Partners plans to invest several hundred million dollars in mortgage servicing rights.

The latest roundup of regulatory changes and mortgage fraud news.

Commercial mortgage-backed securities have more risk than last year as landlords need to repay maturing debt and vacancies remain elevated.

Opera Solutions is splitting its industry analytics into two offerings.

Everyone should take advantage of the current low interest rates to refinance, but can they qualify? Why some perfectly good borrowers are being turned away.