Secondary

The government controlled Freddie Mac posted net 'comprehensive' income of $1.789 billion in the first quarter — but then had to turn around a pay the U.S. Treasury $1.8 billion in dividends, resulting in a small true loss for the quarter.

Gleacher & Co. Securities hired two veteran MBS traders who, respectively, worked for The Royal Bank of Scotland and Keefe, Bruyette & Woods.

The aggregate value of securitized commercial real estate loans priced by DebtX climbed to 87.3% at the end of March from 86.9% at the end of February.

The message at the 2012 Regional Conference of Mortgage Bankers Associations in Atlantic City from many of the speakers at the first residential lending general session and at a roundtable hosted by National Mortgage News/Origination News was there is a lot of uncertainty regarding the future direction of the industry. And that is because it is waiting on a definition of what will constitute a qualified mortgage. Yet, attendees at the show were upbeat that the worse times are behind them.

EverBank Financial Corp. paid $350 million for the warehouse lending business of MetLife Bank, according to an amended S-1 filing with the Securities and Exchange Commission.

Fannie Mae acquired $95.3 billion of mortgages from its seller/servicers in March, a stunning 53% jump from the month prior, and a performance a source close to the company attributed to recent guarantee fee hikes.

Loss severities on U.S. commercial mortgage-backed securities have reached 45%, according to Fitch, which said this is a point at which they could plateau.

Industry veteran Tony Renzi, who joined Freddie Mac last spring as part of a major organization at the GSE, has resigned from the company effective May 11, according to a new SEC filing.

Ally Financial, in a new public filing, finally admits that it is weighing bankruptcy protection for its struggling residential mortgage division which is facing potential additional losses of up to $4 billion.

It's no secret that there are signs of life in the 'flow' servicing market, but will these green shoots of a revival turn brown?