Secondary

From thrift deregulation to government domination, the mortgage business is prone to dramatic shifts. Here are 10 people who share the credit, or the blame, for major industry changes.

NCUA said it has entered into an agreement under which investment bank Barclay's Capital will pay $325 million to resolve claims arising from losses related to the purchase of faulty residential mortgage-backed securities by corporate credit unions.

Fannie Mae's latest offering of Connecticut Avenue Securities, its last of the year, is the first to offer exposure to actual losses on residential mortgages that it insures.

Private mortgage insurers are seeking a larger share of the credit risk on Fannie Mae and Freddie Mac-guaranteed loans.

Housing finance reform in Congress is stalled, but Fannie Mae and Freddie Mac (often under pressure from their regulator) are forming partnerships, developing new products and finding ways to share risk with the private sector to correct flaws in the housing system.

Over a third of appraisals during the third quarter featured property quality or condition ratings that did not match previous ratings, according to an Oct. 19 report from Platinum Data Solutions.

Ginnie Mae's limited resources are going to be focused on working with its existing issuers, especially those that are not creating new securities, according to its president.

Greg Reiter, Wells Fargo's head of residential mortgage research who spent more than 25 years specializing in bonds backed by home loans and other securities, has died. He was 52.

Next year Fannie will require that mortgage lenders use so-called trended credit data for all mortgage borrowers, a move it says could broaden access to credit.

ComplianceEase has introduced an insurance-backed warranty program for audited loans.