Secondary

FHLB members are wary of nondepositories gaining access to district bank programs.

There were nine Mortgage Industry Equity Composite equities that closed higher, nine closed lower and one was unchanged.

Conduit lenders also are originating a larger share of multifamily loans because of the GSE cap.

Bank of America’s Countrywide unit was found liable by a jury in Manhattan federal court last month for selling the government-sponsored entities thousands of defective loans in the first mortgage-fraud case brought by the U.S. to go to trial.

Refinancings made up just 28% of loan production in September.

Single-issuer Ginnie I pools have been the mainstay of the Ginnie MBS program for decades.

Radian Group ends the day down 2% as investors continue to react to CEO S.A. Ibrahim's comments about the mortgage insurance industry.

Lower Federal Housing Administration premiums are a possibility that Ginnie Mae securities investors must keep tabs on because they could move markets. FHA increased premiums but is worried about lower production volumes.

Texas properties secure more than 60% of the low-rate Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights.

Emphasis on refinancing has left the purchase market in the dust.