Capital markets

The midsize New York mortgage lender and the West Coast bank created to house the IndyMac assets are worlds apart in many ways, but their rumored deal is strange enough to work, experts say.

Home Loan Servicing Solutions entities have completed an acquisition from Ocwen Financial and its affiliates and subsidiaries of rights to receive servicing fees

The bipartisan bill would prohibit Congress from raising GSE guarantee fees to offset other government spending.

Industry stocks in this publication’s Mortgage Industry Equity Composite experienced gains as high as 3.74% and took losses no greater than 1% during the trading day Wednesday.

Magnetar Capital raised the money in two separate Magnetar Mortgage Securities funds, which were started last year.

Mortgage Bankers Association CEO David Stevens warned lenders that they need to prepare for the high amount of refinance activity coming to an end soon.

Joshua Rosner, co-author of a book detailing Fannie Mae’s role in the housing crisis, said he sees parallels between the failed mortgage finance giant and the strategies JPMorgan Chase & Co. uses to win government and investor confidence.

There is a major problem first-time homebuyers are currently battling: giant student loan debt.

Ginnie Mae MBS issuance totaled $38.7 billion in February, up 1% from January,

Redwood Trust stock was selling at a 4.46% gain, leading the Mortgage Industry Equity Composite on Tuesday.

Redwood Trust is preparing its fourth private-label residential mortgage-backed securitization of the year.

Bank of Commerce Mortgage officially changed its name to Commerce Mortgage.

Fannie Mae and Freddie Mac have been selling their marketable MBS out of their investment portfolios over the past three years while accumulating whole loans, including distressed loans.

Genworth Financial posted the largest gain in the Standard & Poor’s 500 Index on speculation the company will benefit from the rebound of the housing market.

Ally Bank has reached an agreement to sell a portfolio of more than $85 billion in agency mortgage servicing rights to Ocwen Financial Corp. for roughly $585 million.

Prime borrowers whose loans are making up the small number of private mortgage-backed securities pools issued since the start of 2010 are prepaying at rapid rates.

A $390 million large-loan commercial mortgage backed securities deal backed by a property on New York’s Fifth Avenue is coming to market with preliminary ratings from Kroll.

An affiliate of Oaktree Capital Management has acquired, in partnership with National Financial Realty, a 40-building office property portfolio for $240 million from First States Investors.

Marshall Community CU had to make major changes when the real estate market crashed, and since 2009 has diversified its product mix and focused on cross-selling to great success.

There seems be a general consensus that Fannie Mae and Freddie Mac should eventually be shut down.