Secondary markets

The audacious proposal would create two entities that issue privately insured mortgage-backed securities.

The majority of industry index companies reaped gains after Federal Reserve chair nominee Janet Yellen promised the Fed would keep a lid on rates so long as economic weakness persists.

The CBO suggests an increase in Fannie Mae and Freddie Mac loan fees as a revenue option.

But non-interest income increased because it took in more guarantee and commitment fees.

A ratings agency says guarantee-fee hikes will only increase profitability.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The deal priced 35 basis points tighter than initial guidance, a person familiar with the deal confirmed.

The GSE reduces loss exposure on its first credit-risk sharing deal with private investors.

Residential mortgage-backed securities loans originated outside the pending ability-to-repay/qualified mortgage rule’s protections may face higher loss severity assumptions.

The largest U.S. homebuilder had net income of more than $139 million for its fiscal fourth quarter ended Sept. 30, compared with $100 million a year earlier.

FHLB members are wary of nondepositories gaining access to district bank programs.

There were nine Mortgage Industry Equity Composite equities that closed higher, nine closed lower and one was unchanged.

Conduit lenders also are originating a larger share of multifamily loans because of the GSE cap.

Bank of America’s Countrywide unit was found liable by a jury in Manhattan federal court last month for selling the government-sponsored entities thousands of defective loans in the first mortgage-fraud case brought by the U.S. to go to trial.

Refinancings made up just 28% of loan production in September.

Single-issuer Ginnie I pools have been the mainstay of the Ginnie MBS program for decades.

Radian Group ends the day down 2% as investors continue to react to CEO S.A. Ibrahim's comments about the mortgage insurance industry.

Lower Federal Housing Administration premiums are a possibility that Ginnie Mae securities investors must keep tabs on because they could move markets. FHA increased premiums but is worried about lower production volumes.

Texas properties secure more than 60% of the low-rate Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights.

Emphasis on refinancing has left the purchase market in the dust.