Secondary

A federal judge sentenced Scott Eric Perry to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham area.

New York Mortgage Trust Inc. has priced a 4.5 million share offering of its common stock; it was originally announced at 3.75 million shares.

Eighteen months ago National Mortgages News began hearing rumors that Wells Fargo was going to toss its wholesale lending network overboard. The bank denied it and in the ensuing quarters remained among the top ranked table funders in the nation, according to the Quarterly Data Report.

Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency, according to bidders and other sources familiar with the matter.

San Bernardino County is forging ahead with deliberations on a proposal to seize delinquent mortgages, despite its largest city’s decision Tuesday night to seek bankruptcy.

Lawmakers and financial market participants sparred Tuesday over the economic and other impacts of the Dodd-Frank law, as well as the resulting Volcker Rule and potential new money market fund rules.

The American Bankers Association has renewed its secondary market relationship with Freddie Mac.

Just eight months ago Southwest Bank had no warehouse lending commitments on its books, but today that figure stands at $80 million and growing.

The American Securitization Forum suggests a regulatory directive for Freddie Mac to outsource its loan delivery mechanism to Fannie Mae.

Now we’re told (but unconfirmed) that many large buyers of closed mortgages (correspondent purchasers, that is) have similar exclusionary lists, though they may call it something else.