Secondary

Second-quarter data show housing activity has lost momentum and may experience only minor improvements in the second half of the year, according to a Fannie Mae's Economic & Strategic Research Group.

There was a time years ago when second liens were the toughest legacy home loan asset to find a buyer for in the secondary market.

The Chicago Federal Home Loan Bank has received regulatory OK to start pilots for its jumbo and government loan conduits.

While Fannie Mae should have a smooth transition to a new system, Freddie Mac might find the path more treacherous.

Several institutions said their underwriters already exclude paid and unpaid medical debt from their calculation, raising questions about what kind of impact the new model will have on lenders.

The ratings agency plans to assess deals based on representations and warranties as well as an analysis of an independent third-party review of data quality and an originator assessment.

Wall Street is running into resistance unloading commercial-mortgage backed securities. After overlooking deteriorating underwriting standards for months, investors are becoming more selective as geopolitical turmoil sparks a flight from risky assets.

The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

Even though refinance loans account for the majority of mortgage applications, the refi boom has long been over, and depressed origination volume will keep it that way for some time.

Fitch Ratings may decline to rate or limit the maximum rating on re-performing securitizations if their representations and warranties, rep providers, documentation, due diligence reviews and structures aren't up to snuff.