Secondary markets

A unit of Banc of California has agreed to pay $10 million for a mortgage business owned by one of its managing directors.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

Fabrice Tourre, the former Goldman Sachs Group vice president on trial for his role in a failed $1 billion investment, was found liable on six of seven claims by a jury in Manhattan.

Homeward Capital will become the third mortgage investor to implement Ellie Mae's Total Quality Loan program.

Bank of America Corp. said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings.

Data provider Trepp’s numbers show June delinquencies in commercial mortgage-backed securities were down 17 basis points month-to-month.

A short sale buyer has successfully flipped a retail center located in Albuquerque to Cole Real Estate Investments.

Analysts expect securitized commercial mortgage loans will be strong enough to shoulder interest rate increases at refinance when they come due in 2022 and 2023.

HomeStreet is hoping two recent deals will help make the "home" part of its name a little less important.

Fannie Mae said it acquired $72.6 billion in loans from lenders in June, down from $78 billion in May.

The majority of them were up on the day even though the Dow was down 0.14%.

BOK Financial’s mortgage production increased by $27 million in the second quarter, but mortgage banking revenue was down.

The Federal Reserve said persistently low inflation could hamper the economic expansion and pledged to keep buying $85 billion in bonds every month.

Ally Financial said its second-quarter loss widened on costs from a mortgage settlement and higher provisions for soured car loans.

Richmond, Calif., has offered to purchase home loans from mortgage servicers and trustees and as part of its plan to restructure the underwater loans or potentially seize them through eminent domain.

Mortgage application volume has declined from the previous week even though the 30-year fixed-rate loan interest rate was unchanged, according to the Mortgage Bankers Association.

Ginnie Mae MBS issuance totaled $41 billion in June, basically unchanged from the prior month.

With mortgage rates dipping to all-time lows over the past couple of years, homebuyers had no choice but to become spoiled. Unfortunately, nothing good lasts forever.

We're hearing that it hasn’t been easy to be a real estate investment trust mortgage-backed securities investor recently.