Secondary

Mortgage lenders issued $29.2 billion of GNMA MBS in March, up 5% from the prior month as securitizations of jumbo and multifamily loans surged, according to new figures released by the government.

Over the past two months National Mortgage News has been reporting on a mysterious warehouse lender called eWarehouseOne. Late this week we learned that Anthony J. Simich, a division vice president for the firm - and one of few employees there who actually returns phone calls and emails - resigned.

The correspondent lending division of GMAC Bank on Friday told its mortgage banking clients that it will "significantly" curtail government lending tied to FHA, VA and USDA, according to a memo provided to National Mortgage News.

PennyMac Mortgage Investment Trust has a struck a new master repurchase facility with Credit Suisse First Boston that will help the REIT fund its correspondent mortgage business.

Comments about the Property Assessed Clean Energy program that the Federal Housing Finance Agency asked for came in recently with environmental advocates and local government representatives calling for Fannie Mae and Freddie to find a way to deal with the lien dilemma the program presents so as not to restrict the use of PACE loans.

Three banks suing MBIA Inc. accused the bond insurer of deliberately withholding damaging financial projections from insurance regulators who were evaluating its transformation.

The government controlled Ally Financial Thursday morning filed an amended S-1 statement with the Securities and Exchange Commission, saying it hopes to sell $100 million worth of common stock to the general public.

CoreLogic, once the largest shareholder of Ellie Mae’s stock, sold its stake in the loan origination system vendor.

The Prestwick Mortgage Group is offering $128 million of Freddie Mac servicing rights and hopes to complete the auction by the end of next week.

As mortgage rates continue to be at all-time lows, the present day is a better time than ever before for a prospective homebuyer to purchase any type of property.