Secondary

Farmer Mac posted lower net income than during the second quarter of 2015 on a loss on financial derivatives and hedging activities.

Walter Investment Management Corp. lost $232.4 million in the second quarter as the company took $216 million in charges related to its mortgage servicing portfolio.

Redwood Trust reported higher net income during the second quarter from a year ago, thanks to an increase in net interest income and a decrease in operating expenses.

Freddie Mac has released a new online tool for lenders that determines whether a borrower's income qualifies them for a low down payment mortgage on a particular property.

The Inspector General of the Department of Housing and Urban Development has found a new ally in his fight to reform the down payment assistance programs run by HUD and state and local housing finance agencies.

Marketplace lender Lending Club has added Fannie Mae Chief Executive and President Timothy Mayopoulos to its board of directors.

Deval LLC in Dallas has received Fannie Mae servicer approval.

Fannie Mae and Freddie Mac could need as much as $126 billion in bailout money from taxpayers in a severe economic downturn, according to stress test results released by their regulator.

Fannie Mae reported that the Home Purchase Sentiment Index rose 3.3 points in July to 86.5, an all-time survey high.

The former officers and directors for Midwest Bank & Trust have reached a $26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis.