Finance

The more portfolio-friendly nature of jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.

A major shakeup occurred last month in the senior ranks at nonperforming loan investor Arch Bay Capital with CEO Shawn Miller parting ways with the company.

Fitch CMBS stress tests show that relatively high percentages of top-rated securities that go through a sharp double-dip recession would keep those ratings intact.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.

Fannie Mae is moving closer to launching a pilot program to dispose of some of its nonperforming residential loans.

Mortgage investors, who have been complaining for months about the costs they will bear under the national servicing settlement, presented a list of proposed remedies at a congressional hearing.

The government is sharpening its focus on how mortgage lenders receive the information they use to manage pending and existing loans.

The latest round of monthly 30-year conventional mortgage-backed securities prepayment speeds came in slower than some expected.

Milestone Merchant Partners is circulating an offering book on $30.8 billion of mortgage servicing rights that once belonged to now-defunct Taylor, Bean & Whitaker.

An executive at a real estate investment trust that invests in agency and nonagency MBS said proposed credit risk-sharing opportunities with Fannie Mae and Freddie Mac are among the type of investments his firm would like to buy into.

Any successor to Fannie Mae and Freddie Mac should be structured as a cooperative which would prevent Wall Street firms or megabanks from controlling access to the secondary mortgage market.

A FINRA panel is taking action against Brookstone Securities and three individuals connected to the company, alleging CMO fraud.

Fannie Mae selected its general counsel, Timothy Mayopoulos, to be the GSE’s new president and chief executive, effective June 18.

Stonegate Mortgage, which currently controls $2 billion of mortgage servicing rights, hopes to almost double that amount by yearend.

Bank of America over the past two weeks has unloaded roughly $12.4 billion of legacy mortgage servicing rights, selling most of it to Nationstar Mortgage.

The Government National Mortgage Association approved 35 issuer licenses last year and hopes to approve about the same this year.

The latest round of never-before-seen lows in long-term mortgage rates and rate-indicative Treasury yields is bumping single-family residential loan volumes up another notch.

Treasury Department officials are working with the Federal Housing Finance Agency on ways to structure Fannie Mae and Freddie Mac MBS, allowing private investors to share in some of the credit risk on government-guaranteed securities.

Credit unions are working to protect their net interest margins without adding undue interest rate risk and CFOs expect their attention in the second half of the year will remain on squeezing what they can from investment portfolios.

Residential Capital’s bankruptcy filing on May 14 is a credit negative for two major bond insurers, Moody’s Investors Service said.