Secondary

Zacks found the company beat its consensus per-share net earnings estimate but missed its estimate for homebuilding revenue.

Interactive Mortgage Advisors is exclusively brokering a $509 million Ginnie Mae bulk residential mortgage servicing rights offering.

New York Community Bancorp said mortgage banking contributed $23.2 million to total revenue in the second quarter.

Higher mortgage rates along with a new Federal Housing Administration policy that kicked in recently could hurt the purchase market as well as refinancings.

Sixty-four percent of investors who worked with a Realtor in California indicated they are going to keep the property for more than a year, while 36% of investors intend to flip the property within a year.

Freddie Mac’s $500 million of risk-sharing debt sold recently may not give the firm as much protection against homeowner defaults as policy makers seek.

The seller also would like to establish a co-issue flow relationship along with the bulk Fannie Mae servicing rights sale.

Soon after announcing plans to shift its servicing focus, Flagstar recorded a quarter-to-quarter net income increase.

Presale reports were released on the 10th Sequoia/Redwood jumbo securitization of 2013 and, separately, on the third transaction of this type done this year by JPMorgan.

The platform has processed a few billion dollars of loans from customers and plans to process significantly more as it gets off the ground.