Secondary

Paramount Group is closing a real estate debt fund that has $775 million in commitments.

The secondary marketing agency wants to model how servicers' available cash might stand up to shocks because interruptions to that liquidity have been a common problem among those that failed.

An undisclosed independent mortgage banker is selling a $918.6 million Ginnie Mae bulk residential mortgage servicing rights portfolio.

Presumptive Democratic nominee Hillary Clinton appears likely to embrace a recent plan to merge Fannie Mae and Freddie Mac into a single government corporation if she wins the White House.

Now that it has the green light to expand its role in multifamily housing, Freddie Mac is looking at more ways to shift the credit risk on apartment building mortgages that it insures.

Former Wells Fargo executive Mike Heid was voted onto Fannie Mae's board of directors Wednesday.

Compressed inventory and lackluster homebuyer sentiment thanks to tight credit availability has hindered the housing market from performing at its full potential in April, according to First American Financial Corp.

The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

From the Common Security Platform and Freddie Mac loan sales to new accounting rules and what direction mortgage rates are headed, there was plenty to debate during this week's MBA Secondary Conference in New York.

The experience of updating systems and overhauling workflows that mortgage lenders gleaned from implementing the TILA-RESPA integrated disclosures could prove useful to portfolio lenders as they implement a similarly complex accounting rule for reporting credit losses.