Secondary

Redwood Trust Inc., the biggest issuer of U.S. home-loan bonds without government backing last year, is ending its four-month absence from a market that’s all but evaporated as banks compete with debt investors for the extra yield offered by private-label mortgages.

Executives at a recent NMN panel discussion also discuss why foreclosures will take longer to clear out in New Jersey and why some troubled borrowers may not want loan mods.

WASHINGTON -- The Federal Reserve Board on Wednesday took yet another step in unwinding its bond buying program, paring it to $55 billion.

Details in recent legislation unveiled by Sens. Tim Johnson and Mike Crapo are stoking fresh concerns among Fannie Mae and Freddie Mac shareholders now embroiled in lawsuits over their share of profits from the mortgage giants.

The best thing to happen to the business over the last three decades was the development of the secondary agencies' automated underwriting engines. The worst? There are several strong contenders….

The vendor thinks it can meet lenders' needs by creating a system which manages the various tasks that must be completed to move a loan through the origination pipeline.

The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.

In the current tough mortgage environment, some lenders are willing to take the risk of lending to foreign nationals. The loans don't conform to regulations that took effect in January and typically are held on banks' balance sheets.

The Senate Banking Committee has forged a strong bipartisan agreement to reform the housing finance market, but how—and whether—that effort gets picked up in 2015 is still very much in question.

Bank of America Corp.'s Countrywide unit and the U.S. sparred in court over whether the bank owes as much as $2 billion—or nothing—for selling thousands of defective mortgage loans to Fannie Mae and Freddie Mac.