Secondary markets

Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.

The loans have better-than-average credit and home equity metrics, according to Standard & Poor's. The deal lacks fraud-related representations and warranties, but all loans are performing, DBRS finds.

As Fannie Mae reports another big profit and the repayment of its government bailout, key questions remain about the size of taxpayers’ return and the mortgage giant’s business model.

After eight straight profitable quarters and record annual income, Fannie Mae's dividend payments to the U.S. Treasury now exceed the bailout funds it's received since 2008.

The answer will depend on how Washington politics play out, how much balance sheet relief private securitization really provides to sellers, and how much borrowers and investors ultimately demand it.

A financial reform group hoping to block the government's $13 billion settlement with JPMorgan Chase faces a steep uphill climb.

"Servicers now face compensatory fees, not for mistakes or unreasonable delays, but simply as the cost of doing business," Mortgage Bankers Association President David Stevens says.

The largest U.S. bank's apartment loan business is mushrooming, aided by Fannie Mae and Freddie Mac retrenching. Now JPMorgan is refocusing on a market where, surprisingly, it lags: New York.

This tops a previous bid for the parent of mortgage warehouse provider Southwest Securities by $1 per share.

New York State approved an agreement between bond insurer MBIA and Nomura Holdings that ended claims related to mortgage-backed securities.

GSE regulator says Fannie and Freddie are responsible for monitoring servicers.

Radian Group is now the leader in insurance-in-force but MGIC says it is not concerned about market share.

Ocwen Financial Corp. is seeking to raise about $136 million by selling notes tied to fees from managing a pool of government-backed loans.

A New York startup vows to reduce risk and bring transparency and regulatory oversight to a much-hyped investment class.

Canadian covered bonds now benefit from increased disclosure about the mortgages behind them and more certainty about recourse to the cover pool in the event of a default. But so far, this broader appeal hasn't resulted in increased issuance.

Housing and Urban Development Secretary Shaun Donovan says it's important for investors in mortgage-backed securities to receive a fair price for seized mortgages.

Fannie Mae and Freddie Mac lack consistent policies on charging late fees on outstanding loan repurchase requests, creating an uneven playing field in the mortgage market, according to an inspector general report.

Looming court battles over the fate of Fannie Mae and Freddie Mac are a key reason why lawmakers must act soon to pass housing finance reform, Housing and Urban Development Secretary Shaun Donovan said Wednesday.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's claims about tech-driven efficiencies are "too good to be true."

Sens. Tim Johnson and Mike Crapo are close to unveiling a highly anticipated bipartisan bill to overhaul the mortgage finance market as the window for moving legislation this year continues to narrow.