Finance

Nationstar Mortgage Holdings said two of its subsidiaries are soliciting consents to amend a bond indenture from 2010 on 10.875% senior notes due 2015.

The Federal Reserve Bank of New York announced the sale of the rest of the securities in the Maiden Lane III portfolio.

Not since July 2007, before the subprime mortgage market collapsed and credit markets froze, have investors accepted relative yields as low as they are now for debt of the nation’s biggest homebuilders.

Freddie Mac reported that it purchased $32.5 billion in loans from mortgage lenders in July, down from $44.1 billion in June.

MountainView Capital Holdings this week inked a deal to buy Clayton IPS, the independent pricing service division of Clayton Holdings.

June set a record for HARP 2.0 volume at 126,000 loans, including 53,750 mortgages with loan-to-value ratios over 125%.

Gragg Advertising is working on a marketing campaign for the Home Equity Conversion Mortgage.

Buyers of non-owner occupied properties need financing too.

CMG Mortgage, a national wholesale lender, said it is temporarily suspending production of HARP 2.0 loans through loan brokers because of problems associated with long turn times.

Lately, we’re hearing way too many stories about mortgage firms turning away business and temporarily scaling back loan channels because they’re too swamped with applications.

The Federal Reserve Bank is planning to sell $3.4 billion in toxic mortgage debt that it inherited four years ago when it bailed out American International Group Inc.

The Federal Housing Finance Agency is expected to issue loan buyback guidance by late September—or even earlier—that could spell relief for seller/servicers depending on how many caveats are attached to the language.

Fannie Mae is tightening its underwriting standards on adjustable rate mortgages, which accounted for just 4% of the GSE’s total loan purchases in the second quarter.

FHFA auditors are in the process of identifying lenders which sold “materially deficient” mortgages to the GSEs and will bring civil damage claims against these seller/servicers.

Fannie Mae is moving closer to picking an advisor that will guide the government-sponsored enterprise as it moves to unload billions of dollars in nonperforming loans over the next few years.

FBC Mortgage has launched a separately operated and branded loan channel called CloseQuick to provide boutique third-party origination services to community banks.

Scandals have tarnished the reputations of many large bank mortgage lenders and one expert believes they need to go back to being community lenders, the same niche their smaller competitors occupy.

PennyMac Mortgage Investment Trust could raise $315 million in fresh cash when it closes on the sale of 15 million shares of its common.

Standard & Poor’s warned that the entrance of new and lesser known special servicing firms can overcrowd the market and complicate the servicing process.

By the fourth quarter, the government-sponsored enterprises likely will be reporting even stronger profits as their legacy loans continue to run off, being replaced by very profitable new issuance.