Secondary markets

The founder of $49 billion investment firm DoubleLine Capital LP is largely avoiding the subprime-mortgage bonds that jumped about 17% last year after home prices surged by the most since 2006.

A consortium of tribes and a central financing facility could tap the bond market for much-needed housing money.

Fannie Mae had brought claims against New York-based Lehman over mortgages the bank packaged and sold. The agreement resolves one of the “single largest remaining claims” against the Lehman parent.

Federally insured credit unions with assets of $50 million-plus and concentrations in real estate loans would have to maintain additional capital requirements under the National Credit Union Administration proposal.

The decrease was largely driven by losses at the company's mortgage banking subsidiary, George Mason Mortgage.

KB Home experienced the best gains on the day among stocks included in this publication's Mortgage Industry Equity Composite.

Refinancing dominated application activity, the Mortgage Bankers Association's report weekly report shows.

Debt service coverage ratio has been the one commercial mortgage-backed securities underwriting metric to improve, but higher rates are likely to reverse its course.

LoanLogics is rolling out a management platform that helps improve performance and seeks zero defects.

Through the end of 2014, the unpaid principal balance for this loan portfolio is a little less than $190,000.

The move will give the company a presence in Texas, where several mortgage servicers and originators are located.

Price-to-rent ratios in San Francisco, for example, are up almost 25% since 2012 and near an all-time high. Also, national prices are 15% overvalued, “in real terms,” according to the company.

Secondary market agency agrees to share securitization methods with Japan's housing finance chief.

All six dealers included in the competitive auction process managed to win a portion, although the bulk was awarded to two shops, Barclays and Credit Suisse.

Standard & Poor’s expects $5 billion of mortgage servicer advance securitizations this year, down from 2013’s $6.5 billion.

Centerline Capital Group named a new regional director for the Western region, who will primarily be responsible for originating Fannie Mae Small Loan transactions in California and Arizona.

Craig Schrank, a producing manager at Willow Bend Mortgage, believes that is what makes the advantage in an otherwise level playing field.

Bank of America reported a gain of more than 2% in its stock price on Wednesday.

The Nigeria Mortgage Refinance Co. will sell bonds on capital markets and provide long-term financing to lenders that will help them extend more home loans.

The $375 million M1 tranche priced at a spread of one-month Libor plus 160 basis points, 40 basis points tighter than the 200 basis point spread on the same tranche of its first offering.