Secondary

Mortgage rates declined for the first time in four weeks as the bond market reacted to the news from the Federal Reserve Board's July meeting, according to Freddie Mac.

Walker & Dunlop's net income increased 59% year-over-year during the second quarter, as the company saw growth in its commercial mortgage origination volume.

NMI Holdings reported second-quarter net income of $2 million, making it the first time the company founded in 2012 has ended a period in the black.

Ocwen Financial Corp. is marketing $500 million of notes backed by reimbursement rights to funds it has advanced on residential mortgages that it services.

Late payments on securitized commercial mortgages ticked higher again in July, for the same reason they did in June: a number of large loans fail to pay off at maturity.

Benefiting from higher loan guarantee income and lower derivative losses, Freddie Mac said Tuesday it had made $993 million in the second quarter, a dramatic reversal from its $354 million loss a quarter earlier.

Greenlight Capital Re Ltd., the reinsurer seeking to reverse underwriting losses, is pushing into the mortgage guaranty market after being burned by fraudulent claims on property policies in Florida.

Mid America Mortgage in Addison, Texas, has executed its first electronic closing and e-note through its retail origination channel. The closing builds on the company's plan to expand e-closings and e-notes across all of its origination channels.

The average single-family guarantee fee paid to Fannie Mae and Freddie Mac only increased by two basis points in 2015 to 59 bps, according to the Federal Housing Finance Agency.

MGIC Investment Corp. has begun a public offering of $350 million in senior notes.