Secondary

The American Securitization Forum is urging mortgage servicers and trustees to reject offers that the city of Richmond, Calif., is making to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.

Mortgage Industry Advisory Corp. as exclusive representative of an unnamed West Coast mortgage company is offering for sale another package of mortgage servicing rights.

Comparative data on servicers of securitized residential mortgage loans show RMBS investors are likely to shoulder higher carrying costs due to long and lengthening completed foreclosure timelines.

Investors Thursday seemed to think Annaly's earnings didn't look too bad, especially considering that its mortgage investments—as its CEO describes them—can be “somewhat of a pain in the…”

We're hearing from the NAR who recently wrote to the assistant secretary of housing about the FHA certification and recertification process for condos.

Fannie Mae is reducing its loan loss reserves and reporting strong profits but it has no intention of relaxing its underwriting standards to increase purchase mortgage volume.

The company is under investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.

Fannie Mae and Freddie Mac, which policymakers are trying to unwind, have operated with explicit affordable housing goals for more than 20 years.

Over the past few months, Fannie has raised the prices it pays to community-based lenders for mortgage loans.

Jumbo lender Redwood Trust has completed the approval process to a Fannie Mae and Freddie Mac seller/servicer.