Secondary

Goldman Sachs is getting closer to hitting its $1.8 billion consumer relief obligation as outlined in mortgage settlement agreements between the U.S. Department of Justice and three states.

Walker & Dunlop acquired commercial mortgage banker iCap Realty Advisors as part of its strategic plan to increase its annual originations by at least one-third in the next two years.

The company’s first transaction, Eagle Re 2018-1, transfers a portion of the credit risk on approximately $36.3 billion of mortgages, according to Morningstar Credit Ratings.

Fannie Mae and Freddie Mac transferred a substantial amount of credit risk to the private sector through both single-family and multifamily market transactions in the first half of the year, with activity expected to rise in 2019, according to the Federal Housing Finance Agency.

New Residential Investment Corp. expects to raise $433 million from a follow-on offering of 25 million shares of its common stock it priced on Nov 1.

The $571 million transaction is backed by 915 loans originated from 2002 and 2008 that Waterfall Asset Management acquired over eight years.

When the mortgage giant will be released from government control is anyone's guess, but the company's third-quarter report shows signs of an easier transition.

Earnings at four of the private mortgage insurers increased significantly over last year's third quarter even as total mortgage origination volume shrunk during the same time frame.

Lennar Corp. is selling a portion of its Rialto business to Stone Point Capital for $340 million, adding to Stone Point's holdings in the real estate and financial industries.

Black Knight's third-quarter net earnings were slightly below the same period last year, although total revenue increased by 7% compared with one year prior.