Finance

Ellington Financial, a specialty finance company that acquires and manages mortgage-related assets, sold 3.5 million shares of common stock.

The Mortgage Industry Advisory Corp. is selling almost $8 billion worth of Government National Mortgage Association servicing rights for an undisclosed client.

Government-sponsored enterprise reform needs to account for the GSEs' influence on commercial/multifamily securities markets as well as single-family ones.

Norcom Mortgage has entered the correspondent channel and is now actively buying residential loans from community banks, nonbanks and credit unions.

Freddie Mac’s approach to the first HARP refinancing program resulted in faster prepayment speeds on its securitized mortgages compared to Fannie Mae MBS, according to a new report from Amherst Securities Group.

A newly negotiated line allows PennyMac to tap Bank of America for up to $300 million.

The Consumer Financial Protection Bureau’s flat fee proposal met resistance from mortgage brokers, loan officers, and consumers who pay discount points.

On Monday, National Mortgage News will publish a story in its paper edition (yes, paper) that says the Federal Housing Finance Agency is working on language that will make GSE loans bullet proof from buybacks if they’ve been current for 36 months.

Everyone needs to tell the truth about appraisal turn times in this period of increased application volume.

Treasury announced that it has amended the preferred stock purchase agreements that the federal government has used to prop up the two government-sponsored enterprises.

The Department of Housing and Urban Development and its auction advisor, DebtX, have set an auction deadline of Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Among the issues to be considered in creating the right match between lender and provider is culture, capability and flexibility

Fannie Mae and Freddie Mac have expanded efforts to get refunds on soured mortgages, boosting the cost of faulty home loans at the biggest U.S. banks since 2007 to at least $84 billion.

Chicago Mayor Rahm Emanuel on Tuesday shot down the idea of using eminent domain to seize underwater mortgages.

Amalgamated, a New York-based trade union owned bank, has giving up outsourcing loan originations and has brought the process in-house.

Triad Guaranty's deficit-in-assets, the difference between policyholder obligations (both current and future) and the ability to pay them, is now $771 million, up $33 million from the first quarter.

The surge in Mortgage Partnership Finance lending has increased the Topeka Federal Home Loan Bank's mortgage portfolio to $5.55 billion, up from $4.57 billion in the second quarter of 2011.

Total Mortgage Services said it will “temporarily” moderate its wholesale lending channel after getting hit with a “significant increase” in business in the wake of other firms exiting the business.