Secondary

Mortgage bonds supported by government-backed companies like Fannie Mae and Freddie Mac were trading slightly wider Monday morning after Moody's Ratings downgraded the US late last week.

Investors face yet another bumpy start to the trading week, although it's mounting concern over US debt rather than tariffs likely generating the volatility this time.

US states from Florida to North Carolina and Texas would likely hold onto top-notch credit scores from Moody's Ratings, mostly because they're in better fiscal shape than the federal government itself. 

Rocktop Management anticipates rising loan origination volume and increasing borrower distress, driving more servicing sales — key reasons behind its acquisition of Incenter Capital Advisors.

Lenders using an automated process can save up to $1,500 per loan but do they have the capacity to pass those through to applicants as the FHFA director asks?

The government-sponsored enterprise is retiring a technology platform used for loan workout reporting and giving mortgage companies a deadline for leaving it.

The closely watched case centers on bank allegations the government corporation promised certain reverse-mortgage assets in return for funding then reneged.

A range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure the debt.

The company is positioning its Tinman platform as a serious industry competitor and suggests it's eying product costs of around $1,500 per loan.

April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.