Secondary markets

Two Harbors’ vice president, CFO and treasurer Brad Farrell on Friday bought 750 shares of the company’s stock, according to a SEC filing.

Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public today.

Lenders One management has faced many of the same issues as its members, said CEO Jeff McGuiness.

We're hearing that the declining liquidity of Freddie Mac mortgage-backed securities is raising concerns in Washington and on Wall Street.

This qualified residential mortgage proposal will not require 20% downpayment loans for private-label securities issuers to escape risk retention—where they would have to retain 5% of credit risk.

Executives at one of the latest jumbo securitizers to put a deal in the pipeline also have other irons in the fire.

Fitch Ratings warned that the potential mortgage-related use of eminent domain in some California communities could affect future lending in those areas.

The commercial mortgage-backed securities deal priced its short dated, 2.47-year, class A1 tranche at 55 basis points.

In a move aimed at reducing its cost of funds, Eastern Virginia Bankshares is retiring debt owed to the Federal Home Loan Bank System.

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.

Fannie and Freddie have operated under government control since their operations were seized in 2008.

Estimates by Goldman Sachs Group researchers suggest more than half of all home purchases are done on a cash basis, or at least are financed to a far lesser degree than before the recent downturn.

The Federal Home Loan Bank of Chicago is lining up new investors for its Mortgage Partnership Finance conduit program.

The average rate for the 30-year fixed rate mortgage is expected to rise to 4.4% in the third quarter, but this is down from a July estimate of 4.5%.

Barry Habib, chief market strategist for Residential Finance, explains the results from the latest National Association of Home Builders Housing Market Index, which was released at 59, stronger than expectations of 56.

First Mariner Bancorp in Baltimore swung to a loss as professional fees rose and mortgage banking income cratered.

MountainView Capital Holdings named Joseph Mevorah to head its expanding investment banking business.

Oaktree Capital Management increased its stake in MGIC Investment Corp. while Perry Corp. lowered a holding in the mortgage insurer.

Commercial mortgage-backed securities market metrics when it comes to new issuance are stable compared to the previous quarter, but are worse than those seen a year ago.