Secondary

Bank of America saw its mortgage banking income fall to $312 million in the second quarter from over $1 billion one year prior as it continues to keep more loans on its balance sheet instead of selling them in the secondary market.

Uncertainty about what constitutes a TRID error has had a direct impact on independent mortgage bankers. But some warehouse lenders that provide those originators with interim funding have also been affected by the liquidity concern, taking on increased risk exposure.

The San Francisco bank reported a 17% drop in mortgage fee income during the second quarter as other lenders made inroads by refinancing its customers.

Upcoming risk retention requirements may be the proverbial straw that breaks the back of the commercial mortgage-backed securities market.

Fannie Mae has selected affiliates of Lone Star Funds and Neuberger Berman as the winner of six pools of nonperforming loans.

When Congress lifted the conforming loan limit in certain high-cost housing markets, it provided some much-needed liquidity for homebuyers.

Rates for the 30-year fixed-rate mortgage held steady this week, remaining near their all-time record low, according to Freddie Mac.

JPMorgan Chase reported a 5% increase year-over-year in its second-quarter mortgage banking revenue even though its loan origination volume fell by 15%.

Now that privately insured credit unions finally can join the Federal Home Loan Bank System, will more federally insured state charters consider converting to private insurance?

Wells Fargo is marketing its second commercial mortgage securitization in two months, this time with a focus on smaller-market retail, hotel and office properties.