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MountainView Capital Group, Denver, has purchased a broker/dealer unit from Capmark Financial, a move that will expand MVCG's ability to trade fixed income securities, including MBS.

Fannie Mae reported a net loss of $1.2 billion in the second quarter — excluding premiums paid to the U.S. Treasury — a sizeable improvement from 1Q when it bled $11.5 billion of red ink.

To stimulate the economy and reduce defaults and foreclosures, a Morgan Stanley economist is suggesting that the government should allow lenders to refinance Fannie Mae and Freddie Mac mortgages regardless of loan-to-value ratios or incomes.

Mortgage professionals must think outside the rate box when it comes to putting together a compelling package for prospective refinancers. This is where title insurance can become your secret weapon.

In its first quarterly report as an independent company, CoreLogic, Santa Ana, Calif., had net income of $24 million, down from $29 million in the first quarter and $70 million one year prior.

The Obama Administration approved $600 million in federal assistance for struggling homeowners in five states — money that will be used to help the unemployed pay their loans or assist in short sales or similar transactions.

PulteGroup Inc.'s year-to-year reduction in land and mortgage-related charges combined with a tax benefit contributed to a net profit in the second quarter.

Joseph Jiampietro, a key advisor on failed bank resolutions, is leaving the Federal Deposit Insurance Corp. after 16 months at the agency.

Rick Rieder, who has been head of corporate credit at BlackRock, has taken on responsibility for the multi-sector and mortgage group at the company in his promotion to chief investment officer.

A private sampling of Rural Housing Service loan originations discovered that lenders have become more lax this year in verifying income and the employment of borrowers.