Secondary

Only Minnesota’s giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.

A perceived lack of HARP eligibility can be changed, in some cases just by checking addresses.

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.

Rising interest rates means lenders’ refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards.

He could be running the Federal Housing Finance Agency as early as the next day.

Plans to wind down the agencies may halt now that they are profitable and Congress is working on reforms.

Compensation for the business will be at a significant amount above book value.

There were nine Mortgage Industry Equity Composite stocks that closed higher and eight lower after Wednesday's trading.

The move will facilitate investments in mortgage servicing rights and whole loan portfolios for American Capital Mortgage and give RCS access to investment capabilities and capital.

A building containing Macy’s corporate headquarters secures the loan collateralizing the $450 million commercial mortgage-backed securitization.