Secondary

Bill Cosgrove intends to make the return of the first-time homebuyer his primary focus as the new chairman of the Mortgage Bankers Association.

A rise in shorter-term refinances and lower cash-out volume has contributed to the rebound in home equity.

Outsourcing of labor amongst mortgage servicers may cause problems for the private-label residential mortgage-backed securities market, according to Fitch Ratings.

Federal Housing Finance Agency Director Mel Watt has struck a conciliatory tone, seeking lenders' input and making loan-buyback rules more industry-friendly — a clear signal the administration thinks it needs bankers' help to reignite the tepid housing recovery.

Wide-ranging efforts to reform Home Equity Conversion Mortgage lending and servicing practices are designed to close loopholes and resolve policy inconsistencies, but some obstacles remain unresolved and more work needs to be done.

JPMorgan Chase & Co.'s sale of a new type of mortgage-linked bonds is the best glimpse yet into a possible future of the $9.4 trillion U.S. home-loan market.

Fitch noted that overall the performance of legacy CMBS deals, those originated before 2007, has stabilized.

Nonbank commercial and multifamily mortgage maturities will rise by 72%, to $158 billion next year, according to a Mortgage Bankers Association forecast.

Earnings at Radian Group swung to a profit the third quarter, boosted by mortgage services revenue and a lower credit-loss provision.

Small lenders are hoping a new representation and warranty framework by Fannie Mae and Freddie Mac will offer them alternatives to loan repurchases.