Secondary markets

A judge has ruled that Bank of America does not have to defend itself against a lawsuit filed by the Federal Deposit Insurance Corp. on behalf of a failed bank.

Freddie Mac said that David Lowman is joining the company effective May 20, as the executive vice president for the single-family business.

Minutes of the last Federal Reserve meeting showed several members said the central bank should begin tapering its bond-buying program later this year and stop it by yearend.

A federal judge has dismissed the majority of $590 million of mortgage-backed securities claims brought by NCUA against Credit Suisse Securities in the 2009 collapses of U.S. Central FCU and WesCorp.

Interactive Mortgage Advisors is exclusively brokering a $12.7 billion Fannie Mae/Freddie Mac bulk residential mortgage servicing rights offering on new origination, low interest rate loans.

Fannie Mae and Freddie Mac could return billions of dollars in profits to taxpayers who bailed them out in 2008.

Applications for conventional purchase mortgages reached their highest point since October 2009.

Wells Fargo's home-loan unit has sold a portfolio of reverse-mortgage servicing rights to Walter Investment Management.

We're hearing some mortgage-backed securities risks may seem larger and draw more attention, but the so-called scrivener’s error should not be overlooked because of them.

Phillips Edison-ARC Shopping Center REIT has acquired a portfolio of two retail real estate assets in Florida.

New York Gov. Andrew Cuomo is claiming current policies of Fannie Mae and Freddie Mac could leave borrowers who were affected by Hurricane Sandy with being forced to make an immediate balloon mortgage payment.

Fitch finds many home equity transactions are now showing some relative improvement due in part to housing market recovery.

Kroll Bond Rating Agency has assigned preliminary ratings to Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9, a new $1.28 billion commercial mortgage-backed securities conduit deal.

redit unions need to capture as many purchase mortgages as possible because the long-running refinance boom is winding down.

Kroll Bond Rating Agency has assigned preliminary ratings to COMM 2013-CCRE7, a $930.2 million commercial mortgage-backed securities conduit deal.

With uncertainty surrounding the future of Fannie Mae and Freddie Mac, one CUSO is developing a capital markets alternative credit unions can use.

Mortgage lending activity was weaker than expected in the first quarter and the result is likely to be slimmer profit margins for a number of banks, according to Paul Miller, a managing director at FBR Capital Markets.

Surging U.S. home prices could help shrink the Federal Housing Administration’s projected shortfall in President Obama’s budget due on Wednesday.

Colony Financial has priced a $175 million debt offering at an interest rate of 5% and has granted underwriters an option to buy an additional $25 million of notes to cover overallotments.

The government still dominates the secondary mortgage market but the trend is starting to shift.