Secondary markets

While Fannie and Freddie's regulatory plan for a single securities platform is separate and distinct from the single security MBA president and CEO David Stevens has been pressing for since last year, the common platform could possibly accommodate it.

The economists at the Mortgage Bankers Association believe the Federal Reserve will not start selling off the mortgage-backed securities it purchased any time soon.

HomeTrust Bancshares has agreed to buy BankGreenville Financial in South Carolina.

Bank of America has agreed to pay the bond insurer MBIA $1.6 billion to settle a five-year-old dispute over losses related to soured mortgage-backed securities

Big players remain largely absent from the re-emerging private-label residential mortgage-backed securities market.

The results of the Consumer Financial Protection Board’s rulemaking process add costs and time to the loan origination process.

In March, DataQuick said 10,215 new and resale houses and condominiums closed escrow in the Miami metropolitan area.

Fannie Mae and Freddie Mac loans must comply with the requirements of the qualified mortgage rule starting in January.

Mortgage Bankers Association officials believe the market is improving but not fast enough, and a move toward government-sponsored enterprise reform needs to happen while refinancing is ensuring a liquid market.

A common securitization platform is under full scale development and should be ready for significant testing by next year.

Aklero and NYLX have agreed to a merger with undisclosed terms, forming a new company called LoanLogics Inc.

Real estate investment trust American Capital Agency Corp. recorded a comprehensive loss for the first quarter of $557 million.

OptifiNow, a maker of mortgage lending software, is rolling out a service to streamline paperwork and ease compliance.

Bank of America’s proposed $8.5 billion settlement with mortgage-bond investors should be rejected by a New York court, American International Group said.

Without a government guarantee, the multifamily loan programs run by Fannie Mae and Freddie Mac would be reduced in nonprime lenders that would be dependent on the private securitization market.

The Department of Housing and Urban Development is selling more notes under its Distressed Asset Stabilization Program in the second sale of this type this year.

The Topeka Federal Home Loan Bank is selling $231 million in Mortgage Partnership Finance loans on a flow basis to the Indianapolis FHLB.

Interactive Mortgage Advisors is offering $10.7 billion Ginnie Mae bulk residential mortgage servicing rights on over 62,000 loans.

MBIA said Flagstar Bancorp agreed to pay $110 million to settle a lawsuit accusing it of making misrepresentations to induce MBIA to insure mortgage-backed securitizations that defaulted.

Zacks Equity Research analysts warn that legal tussles about past mortgage-backed security deals faced by JPMorgan Chase, Citigroup and other megabanks are bound to lead to increased legal risk.