Capital markets

Farmer Mac reported first-quarter net income of $16.2 million, which is a decline from 1Q12’s $22.2 million.

Mortgage Bankers Association president and CEO David Stevens is pressing hard for the agencies’ risk-sharing initiative to be done soon and on the front end.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

Ally Financial Inc. may learn today how hard it will be to escape $25 billion in claims made against its bankrupt mortgage arm, Residential Capital.

Freddie Mac plans to begin selling home-loan bonds without U.S. backing from its holdings as rising property prices help boost their value.

PennyMac Financial Services’ Class A shares at the end of their first trading day on the New York Stock Exchange Thursday were up $1 at $19 per share.

Small banks are turning to the Federal Agricultural Mortgage Corp.—better known as Farmer Mac—for lending to agricultural borrowers at interest rates that match those offered by Farm Credit lenders.

Fannie Mae is preparing to the cut a dividend check to the U.S. Treasury for $59.4 billion due to its decision to recognize deferred tax assets that have been sitting on the GSE’s books since it was placed in conservatorship.

EverBank, which recently issued its first jumbo mortgage-backed security, plans to become a regular issuer and is close to another deal.

Congressional use of guarantee fees to fill funding gaps could cause more Federal Housing Administration loans to be originated, some worry.

When it comes to possible ways for the Federal Reserve to unwind its mortgage-backed securities purchases, reverse repurchase sales are the most optimistic path for MBS.

The chief economist of the Mortgage Bankers Association said there will be several factors driving the mortgage business this year.

Some industry officials believe savings could be achieved through the development of a common Fannie Mae/Freddie Mac mortgage security.

Housing developers looking for ways to build energy-efficient and culturally relevant housing now have a model for the task.

Fannie Mae and KPMG LLP agreed to pay $153 million to settle an eight-year-old investor class action.

Freddie Mac posted earnings of $4.6 billion in the first quarter compared to $557 million a year ago as it continues to benefit from the housing recovery.

Sabal Financial Group said it helped a client acquire a real estate and land loan portfolio valued at $75 million in unpaid principal balance.

Mortgage application volume increased 7% on a seasonally adjusted basis for the week ended May 3.

All MIEC stocks took gains on the day, during which the Dow rose above 15,000 for the first time ever, with the smallest being 0.08%.