Secondary

EverBank has a second jumbo securitization in the works backed by $303 million in 15- and 30-year loans.

Armour has lost 13% this year, including reinvested dividends, trailing all real estate investment trusts that buy mortgage bonds in a Bloomberg index of 33 companies.

This week the Federal Housing Finance Agency told a federal judge it had settled its case against Citigroup.

PacTrust Bank, which has been expanding its mortgage business in recent weeks to include warehouse lending and correspondent aggregation channels, has been approved to be a Ginnie Mae mortgage-backed securities issuer.

Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing $1.75 billion of securities, a judge ruled.

Fitch Ratings believes the recent home price gains recorded in several residential markets are outpacing improvements in fundamentals and could stall or possibly reverse.

Redwood Trust Wednesday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.

Allstate, the largest publicly traded U.S. home and auto insurer, sued Citigroup in State Supreme Court in Manhattan in 2011, along with banks including Deutsche Bank AG, Bank of America Corp. and Morgan Stanley.

Mortgage industry executives may be forgiven for thinking that housing bonds are starting to look like pass-through mortgage-backed securities. They are.

Prior to 2012 the scale of institutional involvement in acquiring single-family homes for the purpose of “rent and hold” was small to almost nonexistent. Things have certainly changed.