Secondary

Ellie Mae was the only Mortgage Industry Equity Composite stock which closed lower after the Federal Reserve revealed its taper plans for 2014.

The Federal Reserve plans to reduce the amount of mortgage-backed securities it is buying per month by about 12%.

Freddie Mac estimates multifamily securities issuance will hit a record $28 billion this year but continued regulatory constraint could threaten future growth.

Stenwyn Joseph previously had oversight of a team of portfolio managers and analysts managing risk and return associated with mortgage servicing rights at OneWest’s predecessor, IndyMac Bank.

As malware and virus detection gets more advanced, financial firms may find their IT departments overwhelmed by the volume of “suspicious activity” alerts that have to be investigated.

To satisfy the Federal Reserve Board , M&T needs to improve its risk-management program and establish processes for identifying and reporting suspicious transactions.

As the outgoing conservator, Ed DeMarco claims the authority to lower the government-sponsored enterprises’ risk levels.

The performance of mortgage-related shares tracked by this publication ranged from an increase in value by as much as 4% to a loss of almost 1%.

Bulldog also agreed to withdraw its slate of 2014 Javelin board nominees and vote all of its shares in support of all of Javelin Mortgage Investment Corp.'s nominees.