Secondary

The structure reduces counterparty risk in the GSE's benchmark Connecticut Avenue Securities program; it also expands the investor base.

QRL Financial Services, the mortgage outsourcing division of First Federal Bank of Florida, is the latest investor to seek out better secondary market execution by purchasing electronic notes from correspondents.

While all portions of mortgage credit underwriting standards have slipped since the early post-crisis period, it is the deteriorating conditions that most increases vulnerability for future loan quality, a Moody's report said.

The housing finance agency, which is increasingly at the forefront of reform discussions, has been without a permanent chief for almost two years.

Fannie Mae has priced more securities that support a transition away from the London interbank offered rate.

Rising interest rates and the continued slowdown in mortgage originations prompted Ellie Mae to cut its revenue forecast for the full year by at least $18 million.

All four national title insurance underwriters saw an increase in third-quarter net earnings compared with one year prior even as new orders declined because mortgage origination volume fell this year.

Mortgage rates increased slightly across the board, even as the Dow Jones Industrial Average fell nearly 1,000 points over the past few days, according to Freddie Mac.

Home price appreciation is continuing to decelerate due to affordability concerns that are unlikely to let up even though recent market developments have put some downward pressure on mortgage rates.

Builder M/I Homes set third-quarter records in four areas and recorded consistent levels of mortgages held for sale in its most recent earnings results.