Secondary

While households still maintained their coveted tile of being the largest owner of tax-exempt securities, they decreased their direct ownership to $1.67 trillion in the final quarter of 2012.

The midsize New York mortgage lender and the West Coast bank created to house the IndyMac assets are worlds apart in many ways, but their rumored deal is strange enough to work, experts say.

Home Loan Servicing Solutions entities have completed an acquisition from Ocwen Financial and its affiliates and subsidiaries of rights to receive servicing fees

The bipartisan bill would prohibit Congress from raising GSE guarantee fees to offset other government spending.

Industry stocks in this publication’s Mortgage Industry Equity Composite experienced gains as high as 3.74% and took losses no greater than 1% during the trading day Wednesday.

Magnetar Capital raised the money in two separate Magnetar Mortgage Securities funds, which were started last year.

Mortgage Bankers Association CEO David Stevens warned lenders that they need to prepare for the high amount of refinance activity coming to an end soon.

Joshua Rosner, co-author of a book detailing Fannie Mae’s role in the housing crisis, said he sees parallels between the failed mortgage finance giant and the strategies JPMorgan Chase & Co. uses to win government and investor confidence.

There is a major problem first-time homebuyers are currently battling: giant student loan debt.

Ginnie Mae MBS issuance totaled $38.7 billion in February, up 1% from January,