Secondary

There were 12 of 17 Mortgage Industry Equity Composite stocks whose closing price declined more than one percentage point on Tuesday.

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.

CU/America Financial Services has signed with Scottsdale, Ariz.-based CU Realty Services to offer the company’s real estate program to credit unions throughout Illinois.

Standard and Poor’s is warning that new conduit commercial mortgage-backed securities deals, particularly those issued in the second quarter, are riskier compared with other recent vintage transactions.

The fees Fannie and Freddie charge to cover credit risk on mortgages have been surging. Large segments of the market may soon be fair game for securitization without federal backing.

Despite home price increases taking place in many real estate markets this year, potential sellers are still reluctant to list their properties for sale, therefore creating tight inventories for prospective buyers.

The American Bankers Association and Independent Community Bankers of America are urging the GSE regulator to block Freddie Mac from imposing a $7,500 annual fee on community banks that are low volume seller/services.

Kelly Marsh seeks to educate Realtors, sellers and buyers of the advantages these loans have, especially for her home market.

Lenders issued and sold $41 billion in Ginnie MBS to investors in May, up from $40 billion in April.

McGraw Hill Financial Inc. and its Standard & Poor’s unit won a bid to move to federal court in New York lawsuits filed by 14 states and the District of Columbia accusing the companies of inflating mortgage-backed securities ratings.