Secondary

SunTrust Banks' third-quarter earnings fell 51% from the second quarter and 83% from a year earlier, to $179 million.

First Horizon National set aside $200 million to cover its repurchase agreement with Fannie as well as higher estimated losses from the mortgage business it sold in 2008.

Increasing home prices over the past 18 months combined with decreasing foreclosures have led to a slowdown in the number of properties flipped.

Astoria's earnings rose 10% from a year earlier, to $14.7 million, or 15 cents a share.

Jeremy Diamond says in an email he is resigning after 12 years at the company, one of the REITs hit hard by speculation about reduced Federal Reserve bond buying.

The credit union has agreed to dismiss claims that Barclays filled the CDO with junk, hastening the demise of the one-time $2.4 billion credit union.

There may not be any more Fannie Mae risk-sharing deals until next year, when its regulator sets more goals for this.

Troy Dixon, a managing director who trades mortgage bonds at Deutsche Bank, is leaving after almost eight years and plans to start a hedge fund.

Conventional purchase apps are down 4% from the prior week and on an unadjusted basis, total purchase application activity is down 1% from the same week last year.

The FHFA introduced the idea for the platform earlier this year, as a way to reduce costs to taxpayers because there is one platform, not two, to maintain.