Secondary markets

The new originations lenders sell to the secondary market are tougher to come by, and data show minority communities and immigrant communities are underserved. So why aren’t investors more interested in products like foreign-national loans?

Ginnie Mae ends the fiscal year on a down note as refinancings slow.

Home prices are up year-over-year. This has made sales more profitable, but costs related to the time it takes to get distressed loans to market are mounting.

The company last week reduced the size of the potential deal, originally planned for September, to include $250 million of jumbo mortgages, down from $310 million.

A mortgage services provider and origination technology vendor fare best, but their gains are relatively meager.

The trader’s performing and nonperforming loan prices increased in August, but the same could not be said for CMBS loans.

The second commercial mortgage-backed securities conduit deal from Deutsche and Cantor in less than a month has 30% credit enhancement protecting top-rated notes and relatively high leverage.

Essent and its investors are now selling almost 20 million shares for $13.50 to $15.50 apiece, according to a regulatory filing today from the Bermuda-based firm.

Eight of 17 mortgage stocks generated small single-digit percentage gains during the trading day and nine stocks declined slightly.

Dexia filed the suit in January 2012 over 29 residential mortgage-backed securities bought by its unit FSA Asset Management from Morgan Stanley for $626 million in 2006 and 2007.

SunTrust Banks' third-quarter earnings fell 51% from the second quarter and 83% from a year earlier, to $179 million.

First Horizon National set aside $200 million to cover its repurchase agreement with Fannie as well as higher estimated losses from the mortgage business it sold in 2008.

Increasing home prices over the past 18 months combined with decreasing foreclosures have led to a slowdown in the number of properties flipped.

Astoria's earnings rose 10% from a year earlier, to $14.7 million, or 15 cents a share.

Jeremy Diamond says in an email he is resigning after 12 years at the company, one of the REITs hit hard by speculation about reduced Federal Reserve bond buying.

The credit union has agreed to dismiss claims that Barclays filled the CDO with junk, hastening the demise of the one-time $2.4 billion credit union.

There may not be any more Fannie Mae risk-sharing deals until next year, when its regulator sets more goals for this.

Troy Dixon, a managing director who trades mortgage bonds at Deutsche Bank, is leaving after almost eight years and plans to start a hedge fund.

Conventional purchase apps are down 4% from the prior week and on an unadjusted basis, total purchase application activity is down 1% from the same week last year.

The FHFA introduced the idea for the platform earlier this year, as a way to reduce costs to taxpayers because there is one platform, not two, to maintain.