Secondary

NYSE American accepted the mortgage company's plan to resolve an existing concern but its persistent losses raised a new issue.

The 15-year fixed-rate mortgage saw an average rise of 6 basis points that was higher than the overall gain, according to a retrospective report issued Wednesday.

The agency failed to fulfill some watchdog recommendations and get reports related to "human capital" and diversity finalized, the annual analysis found.

A combination of fewer mortgage originations and investment losses for some companies contributed to declines.

The government mortgage-bond insurer's requirements that restrict investor involvement are likely the greatest challenge to finding more purchasers of MSRs, experts said at a servicing conference Monday.

The non-qualified mortgage lender lost $13 million in the quarter, a slight improvement over the previous period.

If rights holders have to sell these assets because of the Ginnie Mae capital rule, it will increase rates for lower income consumers.

The Federal Housing Finance Agency is reducing the amount lenders can sell to a government-sponsored enterprise by $3 billion next year.

The company experienced further declines in production volume but reported an intra-quarter improvement in its gain on the sale of loans.

The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.