Secondary

New Jersey Community Capital, a nonprofit community development financial institution, made the winning bid for Fannie Mae's third "community impact pool" of nonperforming loans.

The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.

Loan rates moved up slightly from their 2016 lows as anticipation grows of a rate hike this summer courtesy of the Federal Reserve, Freddie Mac reported.

Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.

New research findings challenge common assumptions about borrower behavior, illustrating how trended data — something mortgage lenders will soon be required to collect — could be a game-changer.

FHFA Director Mel Watt also reiterated concerns regarding insurance companies and large bank members, saying that some Home Loan Banks have large exposures to a few individual members.

The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.

The Federal Savings Bank in Chicago has partnered with CondoGrade, a local data company, to provide prospective buyers and sellers of condominiums with information about condo associations.

The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank AG inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.

Bank of America Corp.’s Countrywide Financial unit was exonerated of allegations that it sold defective residential mortgage loans to Fannie Mae and Freddie Mac with an appeals court throwing out a judgment against the bank of more than $1.2 billion.