Secondary

A former Federal Home Loan bank president argues that the system should limit its exposure to risky nonbanks.

Accessing a mortgage applicants' data from a direct source goes a long ways toward shortening the origination process, according to 96% of mortgage underwriters responding to a recent CoreLogic survey.

While new-home construction and sales should rise in the next 18 months, next year's mortgage origination volume estimate was cut slightly as the economy is expected to slow down soon, said Fannie Mae.

Commercial mortgage-backed securities delinquency rates are likely to continue to decrease for the rest of the year, as new issuances outpace maturing loans and precrisis loans continued to get resolved by special servicers, Fitch Ratings said.

A decade after the credit crisis, investors are returning to where it all began. The mortgage sector, blamed in large part for the near-collapse of the global financial system, is now seen by many as a high-quality market forged by fire.

The agency’s director has been under pressure to quit as he is investigated for sexual harassment allegations, but an agency spokesperson says he still plans to testify at a housing finance hearing slated for later this month.

NMI Holdings is laying the groundwork for President Claudia Merkle to replace CEO Bradley Shuster next year.

The federal conservatorship of Fannie Mae and Freddie Mac was never supposed to be permanent. Leaving the situation unresolved keeps the agencies undercapitalized and taxpayers exposed to their risk.

New Penn Financial has launched a condo loan program that features more flexible property restrictions than what's allowed under Fannie Mae and Freddie Mac guidelines.

The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.