Secondary

The increase in the delinquency rate for securitized CRE loans for March ended an eight-month streak of declines.

A pair of the nation's largest banks, Citigroup and Wells Fargo, made changes to their mortgage banking executive teams.

Momentum to overhaul the mortgage finance system had been slipping, and with Democrats divided over the Senate's banking relief bill there's virtually no chance more bipartisan deals can be worked out.

The annual progress report on the Fannie Mae and Freddie Mac conservatorships reiterated that a new credit score model will likely not be operational until after the implementation of a new Single Security Initiative.

The investigation targeted 36 residential mortgage-backed securities deals involving $31 billion worth of loans, more than half of which defaulted, according to the Justice Department.

Lenders should not get so desperate chasing volume by originating lower credit non-qualified mortgage products that they are inviting the next regulatory crackdown, said David Stevens, the Mortgage Bankers Association's CEO.

There is an oncoming liquidity crisis that will force consolidation in the mortgage industry as margins tighten and funding sources dry up.

After several years of preparation, Fannie Mae and Freddie Mac will start issuing a new, common mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency said Wednesday.

Radian Group is adding 40-state title insurer and settlement services company Entitle Direct to its operations in a move aimed at complementing the geographic reach of its existing title agency.

The non-bank lender's $299.8 million prime, high-balance deal is no surprise; it follows a warehouse securitization last year. Angel Oak is also in the market with a $238.8 million deal.