Secondary

A federal appeals court revived a lawsuit accusing the Department of Housing and Urban Development of setting up its reverse-mortgage program in a way that makes it more likely a surviving spouse will end up in foreclosure.

As of yearend 2012 up to $49.3 billion in deals monitored by Fitch Ratings currently are under the scrutiny of a special servicer.

Mesa West Capital has funded two commercial mortgages secured by properties in the Denver area totaling over $47 million.

The Senate debate over the confirmation of a Federal Housing Administration commissioner has revealed a divide between some Republican lawmakers over the reason the FHA mortgage insurance fund is in the red.

The long-term rate-indicative Treasury yield, which started the week at levels close to 1.7%, had surpassed 1.9% as of Friday morning.

Freddie Mac has planned its first offering of multifamily structured mortgage pass-through certificate deal of the year.

The congressional playbook for the new year is a familiar one, as lawmakers will continue to oversee implementation of the Dodd-Frank reform law and possibly begin to make inroads on housing finance reform.

There was a 21.6% decline in mortgage application volume on a seasonally adjusted basis during the last two weeks of 2012 as refinancings during the week of Dec. 28 were at their lowest point since April.

Walter Investment Management Corp., the parent of Reverse Mortgage Solutions, has agreed to purchase Security One Lending.

The Eleventh Federal Home Loan District Cost of Funds Index reached 1% in November, the all-time low for the series. In October, the index was 1.011%.