Secondary

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

Capital levels at SouthBank have dropped below a minimum required by regulators.

State-chartered housing finance agencies have been adapting to the low interest rate environment by securitizing mortgages via Ginnie Mae and selling loans to Fannie Mae and Freddie Mac.

Fannie Mae is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers.

Wholesaler 360 Mortgage is looking to expand its relationships with mortgage brokers beyond Home Affordable Refinance Program-related products.

I’m actually getting email from readers who agree with me that our industry really is like professional football.

NCUA has filed almost $10 billion of claims against the biggest Wall Street banks for the sale of faulty mortgage-backed securities to five failed corporate credit unions.

The subset of Home Affordable Refinance Program applications for the week hit 38%, up three percentage points from the prior week.

Both builders and developers report that lenders are loosening their purse-strings on their all-important acquisition, development and construction funding.

Commitments to purchase new mortgages fell 16% from June to $62.4 billion in July—the lowest level since April 2012.