Secondary markets

Both sides in the litigation over 2012 Federal Housing Finance Agency amendments to stock purchase agreements say they're weighing their options.

The writing on the wall says the market will deteriorate further, the company's executives said in a written statement.

These associations contribute some relatively affordable housing to a pricey market, but key mortgage stakeholders have tightened criteria in the wake of a building collapse that highlighted the sector's particular risks.

They have a range of positions in the mortgage market; and some investors believe they could be bought at a discount now, potentially gaining value later when interest rate stability returns.

Earnings from the real estate investment trust, which primarily invests in agency securitizations, highlight some defensive strategies that proved effective in mitigating risks, but also point to current revenue challenges.

Mortgage experts generally expect the switch to open up lending and potentially improve the predictability of loan performance — but some are worried about potential costs.

Multiple mortgage real-estate investment trusts have warned that market movements would hurt their third quarter numbers.

The new automation, which processes information on tens of thousands of projects, is designed to be useful to lenders financing single family units.

The government agency, an arm of the Department of Housing and Urban Development, plans to implement the change by no later than the first quarter of 2023.

The New York-based software provider will provide post-closing quality control and quality assurance reviews.