Secondary

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.

The overall message – that mini-correspondents were intended as transitions, not permanent business models – means that the loan channel would be examined for consistency with the intended purpose.

Galante's impending departure may signal that the recovery of the federal mortgage insurance fund is nearly complete and an upcoming report will show a healthy capital level.

The issuance of securities backed by mortgage loans on multifamily properties guaranteed by Fannie Mae increased over 30% from the first quarter of 2014.

Fannie Mae and Freddie Mac are relying more and more on their income from loan guarantee fees just at a time when their regulator is considering a proposal to reduce those fees.

Morgan Stanley is returning to the jumbo residential mortgage-backed securities market for the first-time since the housing crisis. The originator is well-known, but the loans are unusual and the geographic concentration is high.

Selling loans into the secondary market was a good strategy for housing finance agencies when rates were falling, but now they are said to be heading back to traditional bond financings to boost their balance sheets.

U.S. non-governmental residential mortgage-backed securities infrastructure may help Canadian players diversify their funding sources. The U.S. might win more key investors back if it had Canada's credit strengths.

Zais Financial Corp., a real estate investment trust in Red Bank, N.J., has acquired the privately owned mortgage company GMFS in Baton Rouge, La., for approximately $61 million.

Fannie Mae will give the Treasury Department $3.7 billion next month after the largest financier of mortgages posted its 10th-consecutive quarterly profit.