Secondary markets

There were 11 Mortgage Industry Equity Composite stocks which closed higher than they did on Friday and six lower.

A stand-alone quality control unit may soon become a casualty of the heightened mortgage regulatory environment.

This is the largest U.S. Countrywide MBS class-action settlement filed on behalf of investors, according to plaintiffs’ lead counsel.

The nonbank has cracked the nationwide top ten servicing list and now wants to increase originations share.

Senators warned that using guarantee-fee revenue to offset government spending will complicate Fannie and Freddie reform.

NMN also got a wry remark suggesting that big banks could be tapped to help fund the nation’s health care.

The performance of mortgage-related shares tracked by this publication ranged from an increase in value by as much as 3% to a loss of more than 1%.

The Netherlands is auctioning off mortgage-backed securities it acquired when it bailed out ING Groep NV in 2009.

The qualified mortgage rule’s implementation was supposed to give mortgage-backed securities market participants more certainty about collateral value, but remaining questions about government policy keep PLMBS a work in progress.

The Pittsburgh regional bank previously resolved Fannie Mae repurchase demands for an undisclosed sum.

Only Minnesota’s giant Mall of America draws more visitors than the Aventura, Fla.-based shopping center that backs the collateral interests in the more than $1 billion commercial mortgage-backed securitization.

A perceived lack of HARP eligibility can be changed, in some cases just by checking addresses.

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.

Rising interest rates means lenders’ refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards.

He could be running the Federal Housing Finance Agency as early as the next day.

Plans to wind down the agencies may halt now that they are profitable and Congress is working on reforms.

Compensation for the business will be at a significant amount above book value.

There were nine Mortgage Industry Equity Composite stocks that closed higher and eight lower after Wednesday's trading.

The move will facilitate investments in mortgage servicing rights and whole loan portfolios for American Capital Mortgage and give RCS access to investment capabilities and capital.