Secondary

Freddie Mac is in the market with its fourth risk-sharing transaction of the year.

In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector automated underwriting system.

Technology that takes into account the sales, cost and income approaches to property valuations is a more comprehensive method of risk assessment and can help detect pricing bubbles before they wreak havoc on the mortgage and real estate industries.

Royal Bank of Scotland Group, Britain's largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities.

Veros will offer a direct connection to the Federal Housing Administration's new Electronic Appraisal Delivery portal using the same interface it offers for submitting appraisals to Fannie Mae and Freddie Mac.

The Mortgage Collaborative has entered into an agreement with Fannie Mae that would make certain enhancements of its benefits available to its lenders.

Purchases of new homes in the U.S. rose more than projected in April, a sign this part of the market is picking up steam during the busiest selling period of the year.

Home prices in 20 U.S. cities rose at a faster pace than projected in the year through March, reflecting a limited number of available properties on the market.

Exeter Financial has hired former Freddie Mac executive Paige Wisdom to be its chief financial officer.

Barclays dismissed mortgage-bond trader Yoon Seok Lee over claims that he lied to clients.