Secondary

The chief executive of a Colorado title insurance company that was under investigation by state regulators killed himself, according to the Arapahoe County coroner's office.

The New York State Mortgage Agency will come to market with a three-pronged offering of revenue debt expected to be priced by Morgan Stanley on Wednesday following a retail order period on Tuesday.

There are plenty of companies waiting for a secondary mortgage market to develop for these high-margin loans.

Some investors apparently believe the Federal Reserve will pull back on the taper, and that drove the market higher.

Prepayment speeds fell to 12.4% from 13.7% on a consecutive-quarter basis, according to Sterne Agee analysts, who have raised their fiscal year 2015 estimate for Home Loan Servicing Solutions.

Freddie Mac plans this year to start regularly issuing the credit-linked notes it began using as a form of risk-sharing last year.

Fiserv's stock price declined nearly 2% as its earnings miss analysts' estimates.

Citigroup and Assurant have agreed to pay $110 million to settle charges that it forced thousands of homeowners to purchase expensive property insurance in order to profit from kickbacks and commissions.

Housing boom-era mortgage securitizations, written off as "toxic waste" during the financial crisis, are performing better than investors once expected, thanks to the rebound in home prices.

Mortgage rates for 30-year loans fell for a fifth week as stock market volatility and weaker-than-expected economic reports drove investors to the safety of the government bonds.