Secondary

Republican presidential candidate Mitt Romney is calling for reform of Fannie Mae and Freddie Mac, promising it will be a priority if he wins the November election.

Smaller mortgage bankers are using different channels—retail, wholesale and correspondent—to add market share.

Examining the arguments, both pro and con regarding advising consumers to refinance right now.

Standard & Poor’s Corp. said it could change up to 744 U.S. and Canadian commercial mortgage-backed securities ratings.

Third-party lender Stonegate Mortgage has purchased warehouse provider NattyMac.

The FHFA study on single-family g-fees shows the fees paid by the five largest lenders averaged 26 basis points by yearend 2011, up 5 bps from the first quarter.

The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to increase their loan guarantee fees by an average of 10 basis points starting Nov. 1.

Let it be said as Labor Day approaches: Without Uncle Sam there would be NO mortgage market. None. Zippo

Springleaf Financial said it has “adequate liquidity” to survive over the next 12 months, and is seeing smaller losses on its business.

Fannie Mae acquired $77.1 billion of product from its seller/servicers in July, almost double what it took in a year ago.