Secondary

Total mortgage income at B of A was $433 million, down from $694 million a year ago as the strategy of putting loans on its balance sheet meaning the bank gets less gain-on-sale revenue.

Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.

Fannie Mae and Freddie Mac surged to four-month highs on speculation lawsuits involving the mortgage giants have progressed in a way that favors shareholders.

Fannie Mae has priced a $1.15 billion credit-risk sharing transaction through its Connecticut Avenue Securities series.

Fannie Mae is selling four large pools of nonperforming loans which have a total balance of $1.5 billion.

Radian Guaranty's new reinsurance agreement will only cover single-premium mortgage insurance policies, a first for the company. These policies have higher capital requirements under the new secondary market standards.

The Consumer Financial Protection Bureau faced hostile questions from two judges during oral arguments before a federal appeals court Tuesday as it sought to argue the constitutionality of its single-director structure in a lawsuit brought by nonbank mortgage lender PHH Corp.

Hint: businesses should be focused on data strategy and security, from the individual up to the enterprise level.

PHH Corp. said its loan closing dollar volume will decrease this year, after Bank of America's Merrill Lynch announced plans to withdraw business from the firm.

An Altisource Residential Corp. affiliate is taking management's side in the real estate investment trust’s fight with activist investors.