Secondary

When Mark Korell joined the company in June he was named chief of sales and marketing.

Among other things, Bank of America is accused of continuing a high speed loan processing program dubbed "The Hustle" that started at Countrywide and cause massive losses at Fannie Mae and Freddie Mac.

As part of the settlement, Royal Bank of Scotland has agreed to refrain from financing, purchasing or securitizing subprime mortgages unless it has sufficiently reviewed the underlying loans.

Some key regulatory issues still need to be addressed in order for private-label mortgage-backed securities to make a comeback.

A Washington research executive at Keefe Bruyette & Woods believes GSE reform may move quicker if Obama gets reelected, but not by much.

One servicing executive tracking the deal said Nationstar is favored to win the bid.

Wholesaler Mortgage 360 suports the Home Affordable Refinance Program.

A plan to extend the corporate bond transparency system to mortgage-backed securities is moving forward.

The servicing rights of Residential Capital Corp. could fetch just over $1 billion.

Aside from those potentially game-changing rules, banks are also facing higher guarantee fees by Fannie Mae and Freddie Mac and higher premiums for Federal Housing Administration loans.