Secondary

Despite their major push to overhaul the housing finance market last Congress, Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., offered little optimism Tuesday that structural reform is on its way anytime soon.

Fannie Mae and Freddie Mac have put billions of dollars' worth of distressed mortgage assets up for sale this year, but small buyers acquiring carve-outs of these offerings are driving activity in this niche market.

ValueInsured Inc. has introduced a product that provides insurance coverage for consumers' down payments on a home purchase.

Mortgage credit availability increased in September on offerings of Freddie Mac's affordable lending programs, according to the Mortgage Bankers Association.

An initiative underway at Freddie Mac seeks to integrate new and existing technology to create a comprehensive suite of quality control tools designed to help lenders manage their mortgage repurchase risks.

Goldman Sachs is marketing $848.4 million of bonds backed by commercial mortgages.

If we can't identify adequate capital to bear mortgage credit losses when they are incurred, aren't we setting ourselves up for another series of bailouts in the next housing downturn?

Two Harbors Investment Corp. made a quick turnaround from its early September transaction and is marketing another $334 million of bonds backed by residential mortgages.

Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She's the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis.

NMI Holdings Inc. president Jay Sherwood will step aside and become the company's vice chairman for the remainder of his employment agreement, the company said in an 8-K filing.