Secondary

Bank of New York Mellon has become a big believer in reverse mortgages, particularly home equity conversion mortgages insured by the Federal Housing Administration.

American International Group's plan to spin off a portion of its mortgage insurance unit is "almost pointless" given the challenges that CEO Peter Hancock faces to fix the much larger property-casualty business, an analyst at Keefe, Bruyette & Woods said.

American International Group Inc., the insurer being pressured by activist investor Carl Icahn to shrink the company, plans to pursue a partial spinoff of its mortgage guaranty unit.

Home Partners of America is securitizing a portfolio of single family rental homes with a unique feature: the tenants lease-to-own.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

First-time homebuyers are finally jumping into the U.S. property market.

Steven Abrahams, Deutsche Bank AG's head of U.S. mortgage bond and securitization research, is leaving this month after almost six years at the bank as it pulls back from those markets, two people with knowledge of the matter said.

MGIC Investment Corp. posted net income of $102.4 million in the fourth quarter, a gain of 36% from the $75.1 million it earned in the same period in 2014.

Barclays Plc is exiting residential mortgage and commercial mortgage backed securities trading and asset-backed derivative in the U.S., according to a memo seen by Bloomberg. Operations will be focused on origination-led ABS and primary CMBS.

The average interest rate on the 30-year fixed rate mortgage rates fell this week to a three-month low, as investors exited stocks and commodities for the safety of government bonds.