Secondary

The Federal Housing Finance Agency said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a real estate owned pilot initiative.

The New York attorney general has sued JPMorgan Chase, charging that the Bear Stearns brokerage it bought committed fraud in the sale of hundreds of billions of dollars in mortgage-backed securities.

Lender seeks to ease minds of buyers worried about declining home vales.

Fannie Mae purchased $86 billion of loans from its seller/servicers during August, up 12% from the month prior.

Platinum Data and SharperLending have entered into a technology alliance providing access to certain product on the collateral valuation side of the transaction.

Morgan Stanley Mortgage Capital Holdings was sued for at least $111 million by a trustee for investors in mortgage-backed securities.

HLSS completes another servicing deal with Ocwen Financial Corp.

Presently, for legacy seller/servicers the minimum is roughly $2.5 million, but the fear is that over time that threshold will be ratcheted up to $5 million—all in the name of risk management.

Every one should have a specialty in the mortgage origination business and here are some to consider looking into.

Thanks to more GSE G-fee hikes, in time we may see more firms play in the jumbo MBS space. But don't hold your breath.