Secondary

Ally Financial said its second-quarter loss widened on costs from a mortgage settlement and higher provisions for soured car loans.

Richmond, Calif., has offered to purchase home loans from mortgage servicers and trustees and as part of its plan to restructure the underwater loans or potentially seize them through eminent domain.

Mortgage application volume has declined from the previous week even though the 30-year fixed-rate loan interest rate was unchanged, according to the Mortgage Bankers Association.

Ginnie Mae MBS issuance totaled $41 billion in June, basically unchanged from the prior month.

With mortgage rates dipping to all-time lows over the past couple of years, homebuyers had no choice but to become spoiled. Unfortunately, nothing good lasts forever.

We're hearing that it hasn’t been easy to be a real estate investment trust mortgage-backed securities investor recently.

JPMorgan Securities and Barclays Capital are planning to offer $1.01 billion of commercial mortgage-backed securities.

Scott Robinson’s one-year term will begin at the beginning of 2014, followed by one-year terms each as president-elect, president and immediate past president.

Besides retail, EverBank will still purchase loans through the correspondent channel.

The Federal Home Loan Bank of Indianapolis reported $70 million in net income for the second quarter.