Secondary

A scenario posted on the Mortgage Grapevine is looking for an owner-occupied, full-documentation refinance mortgage on a single-family property.

Better housing trends in many areas will improve legacy residential mortgage-backed securities performance, but could hurt loan quality in new deals.

New York City Comptroller John Liu called on the New York City Housing Authority to reject a plan to raise $750 million in a new bond issue.

Freddie Mac board member Linda Bammann is stepping down after serving on the GSE’s board of directors for nearly five years.

Norcom Mortgage is launching a mini-correspondent channel this month.

UBS agreed to pay $885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing bubble.

Freddie Mac may seek credit ratings in the next offering of the firm’s new securities sharing its mortgage-default risks with investors.

Recent increases in Federal Housing Administration mortgage insurance premiums are giving a much needed shot in the arm to the private mortgage insurance industry.

Mortgage purchases by Freddie Mac rebounded in June but the share of refinancings dropped below 70% for the first time since December.

Discover Financial Services in the next few months plans to enter the home equity lending business.