Secondary

The Government National Mortgage Association is in no rush to sell the $11.5 billion of mortgage servicing rights that it inherited almost two years ago when nonbank lender/servicer Taylor, Bean & Whitaker failed.

New York State is seeking to take control of bond insurer Financial Guaranty Insurance Co.

The surge in Federal Housing Administration lending after the housing bust may turn out to be the mortgage insurance fund’s salvation.

According to new reports, both Berkshire Hathaway, the holding company controlled by Warren Buffett, and Ocwen Financial have expressed interest in buying the nation’s fifth largest servicer.

A loss mitigation technique barely on the radar screen five years ago now is holding out hope that servicers can start moving their logjams of delinquent mortgages down the river and start resuming more normal operations.

A new wave of credit downgrades on the nation's megabanks could hit the market this week, causing nervousness among investors.

The more portfolio-friendly nature of jumbo loans and recent delays in key secondary market regulations are key hurdles holding back the long-awaited return of this secondary market, which is making some strides in other areas.

A major shakeup occurred last month in the senior ranks at nonperforming loan investor Arch Bay Capital with CEO Shawn Miller parting ways with the company.

Fitch CMBS stress tests show that relatively high percentages of top-rated securities that go through a sharp double-dip recession would keep those ratings intact.

The question most people seem to be asking is whether the flat origination fee proposal is going to become law. While I do not have a crystal ball, here is my take on it: The CFPB will certainly err in favor of certain consumer groups over the industry, but won't do so when there is little to gain.