Secondary markets

Demand for commercial real estate and business loans continued to rebound in many regions of the country over the past six weeks, the Federal Reserve Board said Wednesday.

Fay Servicing and GSF Mortgage have been approved by Ginnie Mae as issuers of the government agency's mortgage-backed securities.

As the Seattle and Des Moines Home Loan banks inch closer to the first successful voluntary merger in the system's history, observers are beginning to ask which institution will try next.

Fannie Mae and Freddie Mac common shares rose for a fifth day in New York trading, erasing most of their drop tied to a court ruling last month, while the companies’ preferred securities posted smaller gains.

Hard money lenders fear New York watchdog Benjamin Lawsky's investigation into their industry could make the public mistakenly think their business primarily involves making loans designed to fail to homeowners who occupy properties.

WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.

The September volume of new home purchase mortgage applications remained unchanged from the previous month.

Officials want to remove the risk that questions about a dealer’s liquidity could lead to wholesale dumping of assets. Treasuries and mortgage securities represent about 85% of daily repo transactions

Fannie Mae and Freddie Mac will sell large amounts of their credit risk in the U.S. residential mortgage sector.

Independent originators could be shut out from offering this product as there is no secondary market.

United Housing Services America has released the latest version of its mortgage pre-funding and post-closing quality control software.

B of A mortgage strategists are concerned these underserved borrowers will keep housing market activity at "anemic levels."

MountainView Management Co. plans to buy nonprime mortgages made to borrowers with credit scores in the mid to low-600s, maximum 80% loan-to-value ratios and balances as high as $2.5 million.

Federal Home Loans Banks officials and others want more time to evaluate and comment on a Federal Housing Finance Agency proposal to restrict FHLB membership.

Recent regulatory settlements have made it abundantly clear that medical records are off-limits to lenders trying to verify the incomes of mortgage applicants on long-term disability.

According to Treasury Secretary Jacob Lew and many other others, the moribund market for private-label residential mortgage-backed securities needs reviving.

Deutsche Bank officials have received the go-ahead to finance U.S. home lenders, something it has not done since the financial crisis. The bank's plan is to finance a small, but potentially much larger, mortgage segment that falls outside government standards.

Hiring in the mortgage industry slowed in August, as small lenders added just a few hundred workers to their payrolls, but still managed to increase their headcount for the fourth month in a row.

Fannie Mae and Freddie Mac investors are turning their focus to an appeal and multiple pending lawsuits after a federal judge rejected their bid for a share of the companies' profits.

It might be time for the industry to consider a "less is more" view when it comes to offering consumers mortgage product options.