Secondary

Certain loan fees that Fannie Mae and Freddie Mac charge to cover default risk appear to count towards a points and fees test lenders cannot exceed in making qualified loans.

Of the 17 Mortgage Industry Equity Composite stocks, eight went up, eight declined and one was unchanged.

Carrington Mortgage Services has hired 14 account executives for its wholesale lending division as part of its efforts to expand both product and market reach.

A judge has ruled that Bank of America does not have to defend itself against a lawsuit filed by the Federal Deposit Insurance Corp. on behalf of a failed bank.

Freddie Mac said that David Lowman is joining the company effective May 20, as the executive vice president for the single-family business.

Minutes of the last Federal Reserve meeting showed several members said the central bank should begin tapering its bond-buying program later this year and stop it by yearend.

A federal judge has dismissed the majority of $590 million of mortgage-backed securities claims brought by NCUA against Credit Suisse Securities in the 2009 collapses of U.S. Central FCU and WesCorp.

Interactive Mortgage Advisors is exclusively brokering a $12.7 billion Fannie Mae/Freddie Mac bulk residential mortgage servicing rights offering on new origination, low interest rate loans.

Fannie Mae and Freddie Mac could return billions of dollars in profits to taxpayers who bailed them out in 2008.

Applications for conventional purchase mortgages reached their highest point since October 2009.