Secondary

NewDay USA will now be a correspondent purchaser of the Federal Housing Administration’s Home Equity Conversion Mortgage for Purchase program.

KB Home has taken its relationship with Nationstar Mortgage to the next level, forming a joint venture mortgage banker company to be called Home Community Mortgage.

Fannie Mae’s final numbers for multifamily securities issuance backed by new loans during the fourth quarter of 2012 are in, and top $10 billion for the period.

The wholesale channel is regaining market share and that should be the case in 2013.

The mortgage industry is facing a “regulatory tidal wave” as regulators are finally issuing the new rules mandated by the Dodd-Frank Act of 2010.

About $1.5 billion in California redevelopment agency bond proceeds are in limbo as the state government challenges whether the agencies had any right to issue them.

Banks were initially slow to sell nonperforming loans in the wake of the downturn.

Issuers of securities tied to U.S. rental homes will struggle to obtain ratings above the lowest investment-grade tier from Moody’s Investors Service unless they choose structures with higher expenses.

As bankers, real estate agents and others in the housing industry absorb thousands of pages of mortgage rules issued in the past week, they’re still waiting to see if regulators will set a minimum downpayment for home loans.

FCI Lender Services has passed a SOC 1/Statement on Standards Attestation Engagements No. 16 “superaudit” of service organization controls and become a ranked special servicer.