Secondary

Rising mortgage balances and home prices in Home Mortgage Disclosure Act data will be heartening for consumers that want to sell, but reflect challenges for those who want to buy.

The new entity, called Guaranteed Rate Affinity, will primarily originate and market its services to Realogy's real estate brokerage and relocation subsidiaries.

NMI Holdings Inc. reported significantly higher profits during the fourth quarter, as a result of a reversal of the valuation allowance for the company's deferred tax asset.

PHH Corp. has struck a deal with LenderLive to sell its private-label mortgage operations in Jacksonville, Fla., to the Denver-based mortgage services provider.

Fannie Mae has priced its first resecuritization of multifamily mortgages on energy-efficient buildings.

Despite the implementation of the TILA-RESPA integrated disclosure rule, more than half of homebuyers continue to be surprised by closing costs, according to a report from ClosingCorp.

Mortgage interest rates fell slightly for the second consecutive week, according to Freddie Mac.

Freddie Mac's net income increased to $4.8 billion in the fourth quarter, more than double what it earned a quarter earlier, the government-sponsored enterprise announced Thursday.

The Basel III capital requirements are making it hard for banks to stay in the servicing business, said David Motley, president of Colonial Savings. Their exodus from the market indirectly hurts consumers, he argued.

Senate Banking Committee Chairman Mike Crapo said Wednesday that although he plans to begin working on housing finance reform and changes to the Dodd-Frank Act, the poor relationship between Democrats and Republicans will slow any progress.