Secondary

Fannie Mae is putting more than $2 billion in reperforming loans up for bid and also marketing a smaller package of more than $1 billion in nonperforming loans.

A 38% increase in new loan originations led to another quarter of record earnings.

Demand for commercial loans has been weak for much of the past year and among the big questions bank executives will face this earnings season is when they can expect the pace to finally pick up.

CFPB Director Richard Cordray is using the Equifax breach to suggest the CFPB be given power to examine credit reporting agencies for potential cybersecurity lapses.

Slightly looser underwriting outside the government sector is primarily responsible for the latest increase in credit availability.

The Treasury Department is expanding its calls for overhauling regulation of the financial services sector, this time focusing on changes to the most significant rules surrounding securitization and derivatives.

Ginnie Mae mortgage-backed securities issuers can aggregate their portfolio's exposure to areas hit by the three recent hurricanes to qualify for its disaster relief program.

Select Portfolio Servicing grew its mortgage servicing rights portfolio by over 14% in the second quarter by targeting opportunities in the nonagency loan market.

The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.

Incenter Mortgage Advisors is brokering on behalf of an unnamed mortgage banker an almost $10 billion mortgage servicing rights package that includes $870 million in loans with hurricane exposure.