Secondary

Two Harbors’ vice president, CFO and treasurer Brad Farrell on Friday bought 750 shares of the company’s stock, according to a SEC filing.

Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public today.

Lenders One management has faced many of the same issues as its members, said CEO Jeff McGuiness.

We're hearing that the declining liquidity of Freddie Mac mortgage-backed securities is raising concerns in Washington and on Wall Street.

This qualified residential mortgage proposal will not require 20% downpayment loans for private-label securities issuers to escape risk retention—where they would have to retain 5% of credit risk.

Executives at one of the latest jumbo securitizers to put a deal in the pipeline also have other irons in the fire.

Fitch Ratings warned that the potential mortgage-related use of eminent domain in some California communities could affect future lending in those areas.

The commercial mortgage-backed securities deal priced its short dated, 2.47-year, class A1 tranche at 55 basis points.

In a move aimed at reducing its cost of funds, Eastern Virginia Bankshares is retiring debt owed to the Federal Home Loan Bank System.