Secondary

PHH Corp. was the largest percentage gainer among Mortgage Industry Equity Composite stocks one day after the Consumer Financial Protection Bureau alleged it participated in a mortgage insurance kickback scheme.

BlackRock Solutions as an advisor is offering more than $2 billion in bonds from 234 nonagency RMBS that the agency acquired when bailing out ING Groep.

Most mortgage-backed securities from the boom years are affected by a ruling that broadly places a statute of limitations on loan representations and warranties.

Most of the 4% year-over-year increase came in the first part of 2013.

The news of the $10 billion cut in purchases led 14 of the 17 Mortgage Industry Equity Composite stocks to close lower.

President Obama hit on several important issues for bankers in his annual address to Congress Tuesday night, including mortgage finance reform, though as expected financial services issues largely took a backseat to other national concerns, like unemployment and the minimum wage.

The homebuilder has the largest percentage increase among Mortgage Industry Equity Composite stocks one day after it received an analyst downgrade.

The mortgage insurer is one of only two Mortgage Industry Equity Composite stocks to close higher on Monday.

The provision includes about $3.5 billion for lawsuits and fines tied mostly to the sale of $91 billion of mortgage-backed securities from 2005 to 2007.

Interactive Mortgage Advisors is exclusively brokering the mortgage servicing rights, which have a wide geographic dispersion outside of a less than 19% Texas concentration and less than 10% California concentration.