Secondary markets

Zacks found the company beat its consensus per-share net earnings estimate but missed its estimate for homebuilding revenue.

Interactive Mortgage Advisors is exclusively brokering a $509 million Ginnie Mae bulk residential mortgage servicing rights offering.

New York Community Bancorp said mortgage banking contributed $23.2 million to total revenue in the second quarter.

Higher mortgage rates along with a new Federal Housing Administration policy that kicked in recently could hurt the purchase market as well as refinancings.

Sixty-four percent of investors who worked with a Realtor in California indicated they are going to keep the property for more than a year, while 36% of investors intend to flip the property within a year.

Freddie Mac’s $500 million of risk-sharing debt sold recently may not give the firm as much protection against homeowner defaults as policy makers seek.

The seller also would like to establish a co-issue flow relationship along with the bulk Fannie Mae servicing rights sale.

Soon after announcing plans to shift its servicing focus, Flagstar recorded a quarter-to-quarter net income increase.

Presale reports were released on the 10th Sequoia/Redwood jumbo securitization of 2013 and, separately, on the third transaction of this type done this year by JPMorgan.

The platform has processed a few billion dollars of loans from customers and plans to process significantly more as it gets off the ground.

The gulf between two competing plans to reform the nation's housing finance system appeared ever wider Tuesday even though House Republicans were poised to advance their bill to a full floor vote.

Sales of newly constructed homes rose 8.3% to a 497,000 seasonally adjusted annual rate, up from 459,000 in May.

The total number of loan applications submitted the week ended July 19 declined by 1.2% on a seasonally adjusted basis from the previous week.

We're hearing that one executive started his business based on the question, “Why aren’t mortgages traded in the same way fixed-income securities are?”

American Realty Capital Properties announced plans to issue $300 million of convertible senior notes in an underwritten public offering.

The American Bankers Association supports some reforms to the FHA single-family program proposed by House Financial Services Committee chairman Jeb Hensarling.

The loans that the new channel is purchasing will be sold on the secondary market to Fannie Mae, Freddie Mac or Ginnie Mae.

The Financial Industry Regulatory Authority began releasing more information about trading in government-backed mortgage securities.

One affiliate is slated to buy a portfolio of nine shopping centers known as the Phoenix portfolio from Wells Fargo.

The Federal Housing Administration might have lost as much as $1 billion in 2011 alone because of its poorly performing REO program, according to a new report from the Government Accountability Office.