Secondary

Barclays Bank has been sued by the nation's top credit union regulator for violating federal and state securities laws tied to the sale of nonprime MBS.

New Penn Financial, a fast-growing lender with ties to MBS co-inventor Lew Ranieri, hired Brian Simon as its new chief operating officer.

A recent article titled “Mortgage Cops Taking Tough Stance” implies that my office is going to “lock up” anyone who strategically defaults on their mortgage.

The government insurance program so far is seeing a decline in market share, as planned.

It’s been almost nine months since insurance conglomerate MetLife pulled the plug on its mortgage banking operation with the company offering little in the way of insight about its residential servicing portfolio.

The Federal Reserve’s third quantitative easing program has made more progress lowering rates than some expected, but it is not at a point where it will spur refinancing notably.

The Mortgage Bankers Association and other industry groups have lined up considerable legal talent to prevent and block any local community from invoking eminent domain to seize and restructure underwater mortgages.

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers.

Interactive Mortgage Advisors is offering two small bulk mortgage servicing rights packages, one backed by loans in Pennsylvania, the other in Nevada.

The total amount of commercial real estate debt declined by 0.4% in the second quarter compared with the first.