Secondary

Fannie Mae, the largest source of funding for U.S. mortgages, said Chief Operating Officer Terence Edwards plans to leave the government-backed company in the first half of next year.

A high percentage of Federal Housing Administration-insured loans are falling into the “higher priced” bucket due to a series of mortgage insurance hikes over the past several years.

A program that moves distressed mortgages out of the foreclosure pipeline can save the FHA and GSEs money and give troubled borrowers a better shot at staying in their homes — but only if it's properly implemented.

Proposals in Congress to change the structure of the government-sponsored enterprises Fannie Mae and Freddie Mac seem to be languishing in this election year.

Rep. John Delaney said Tuesday that he's "optimistic" Congress could take up reform of Fannie Mae and Freddie Mac next term, despite the political difficulties lawmakers have faced in getting legislation approved over the past two years.

Garry Cipponeri, the head of capital markets for JPMorgan Chase & Co.'s U.S. mortgage unit, is leaving the bank to start a new company, according to two people with knowledge of the move.

All the mistakes and errors in a loan file should be dealt with prior to the mortgage funding.

A regulatory mechanism designed to support unsolicited ratings includes obligations that complicate its use. Post-crisis single-family securitization sectors like the new rental market are instead drawing "unsolicited comments."

Nonagency mortgage securitization has fallen well short of forecasts this year, as commercial banks bid up for loans to put on their balance sheets. But the fourth quarter could offer this moribund market a chance at redemption.

The pricing of the class-A notes paralleled that seen in a recent first-time issuer's single-family rental securitization in August, but the pricing for the rest of the capital structure differed.