Secondary

Despite the buzz about the REO-to-rental market over the past year, there is still no clear indication of the role securitization can play in the permanent financing of repossessed single-family homes for conversion into rental properties.

The Basel Committee on Banking Supervision’s decision to allow banks to include highly rated residential mortgage-backed securities into their calculation of a new liquidity coverage ratio is undoubtedly good news for European RMBS.

Mortgage application volume rose for the fourth time in the last five weeks, even as rates on the 30-year fixed-rate mortgage increased for the seventh time in the past eight weeks.

What we're hearing from Ellie Mae executives is that the current high cost of compliance is going to get even worse.

The overall volume of resolved securitized commercial mortgage loans dropped slightly in January, resulting in higher loss severity rates and loan losses at greater than 2%.

The 30-year fixed mortgage rate is now currently 3.44%, which is up two basis points from the same time last week.

Stonegate Mortgage has entered into a participation agreement with the Bank of Virginia and has others in the works.

To entice more Home Affordable Refinance Program refinancings, lenders may contribute up to $2,000 toward the borrower’s closing costs or other fees by reducing the loan amount.

Hibernian Pacific Holdings acquired an 864-unit Class A multifamily portfolio located in Cobb and Gwinnett counties in Georgia.

Approximately 8% of the outstanding balance of commercial and multifamily mortgages held by nonbank lenders and investors will mature in 2013.