Secondary

Larry Fink, chairman and CEO of BlackRock Financial, is nobody's fool - not by a long shot. He cut his teeth at First Boston many moons ago, helped shape the MBS market, and then went on to create a financial services powerhouse: BlackRock

Federal banking agencies seem to be making little progress in promulgating regulations that will set the ground rules for a revival of the private-label MBS market.

MountainView Servicing Group, Denver, is auctioning off a $305 million package of Fannie Mae servicing rights for an undisclosed seller.

Although better multifamily performance numbers have been improving CMBS delinquencies overall, office and retail loans are setting record highs, with the latter surpassing the former for the first time in almost five years.

Will Clint Eastwood walk through the streets of Minneapolis, proclaiming how the U.S. mortgage industry is back? If you're not sure what I'm talking about, go see last weekend's Chrysler/Fiat commercial during the Super Bowl. (As an aside, I think the whole political take on that commercial has been blown way out of proportion.)

Although many megabanks have thrown their correspondent networks overboard, there's a new entrant in the sector: Impac Mortgage Holdings, Irvine, Calif., a once high flying 'alt-A' lender that survived the housing crash and rebuilt itself.

Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business, according to colleagues who have been briefed on the matter.

EverBank, which has been carefully growing its mortgage business the past few years, has agreed to purchase the warehouse division of MetLife Inc., the company confirmed to National Mortgage News.

Mortgage lenders issued $30 billion of Ginnie Mae MBS in January, up 9% from the previous month, according to new figures released Thursday morning.

EverBank, which hopes to go public this year, has agreed to buy the mortgage warehouse division of MetLife Inc., for an undisclosed sum, according to industry advisors close to the deal.