Secondary

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.

Fannie and Freddie have operated under government control since their operations were seized in 2008.

Estimates by Goldman Sachs Group researchers suggest more than half of all home purchases are done on a cash basis, or at least are financed to a far lesser degree than before the recent downturn.

The Federal Home Loan Bank of Chicago is lining up new investors for its Mortgage Partnership Finance conduit program.

The average rate for the 30-year fixed rate mortgage is expected to rise to 4.4% in the third quarter, but this is down from a July estimate of 4.5%.

Barry Habib, chief market strategist for Residential Finance, explains the results from the latest National Association of Home Builders Housing Market Index, which was released at 59, stronger than expectations of 56.

First Mariner Bancorp in Baltimore swung to a loss as professional fees rose and mortgage banking income cratered.

MountainView Capital Holdings named Joseph Mevorah to head its expanding investment banking business.

Oaktree Capital Management increased its stake in MGIC Investment Corp. while Perry Corp. lowered a holding in the mortgage insurer.

Commercial mortgage-backed securities market metrics when it comes to new issuance are stable compared to the previous quarter, but are worse than those seen a year ago.