Secondary

Falling refis push the GSE’s guarantee volume to a 17-month low.

All but three Mortgage Industry Equity Composite stocks ended Thursday with a higher closing price.

Arch announced plans in February to enter the market for mortgage insurance by adding assets from bankrupt insurer PMI Group in a $300 million deal.

Congressional opposition to lowering the limits may be responsible for the delay.

The bank is being scrutinized for violations of the Financial Institution Reform, Recovery and Enforcement Act.

Over the past two years several ratings agencies have analyzed potential challenges and risks to rental securitizations.

Other gains at the company offset a 39% year-over-year decline in mortgage banking revenue to $65 million.

Regions is contending with prolonged declines in real estate prices within its Southeastern footprint.

Mortgage banking revenue fell 69%, and income from mortgage and other loans declined 6%, but credit quality overall showed marked improvement.

Volume in the near future will benefit from the end of the shutdown and a further delay for the start of the taper.