Secondary markets

Under the three-year mortgage initiative, borrowers can receive an equity loan of up to 20% of the value of a new home, which is payable once the home is sold.

John Caladim and Jon Coleman are the latest additions to Brean Capital’s fixed income team.

Only vulnerable super-senior classes in commercial mortgage-backed securities are exposed to the risk of interest shortfalls that affected the super senior class of Morgan Stanley Capital I, according to Fitch Ratings.

An exclusive $828 million bulk Fannie Mae servicing portfolio with subsequent monthly co-issue flow servicing of $15 million-$20 million per month is up for bid.

Just three of the 17 Mortgage Industry Equity Composite stocks finished trading on Thursday ahead of their Wednesday close, as investors continue to worry about the situation in Cyprus.

The portfolio includes 11,400 loans with a weighted average interest rate of 3.76% overall and a weighted average interest rate of 3.91% on the 30-year fixed-rate product.

The Federal Deposit Insurance Corp. plans to sell $221.1 million of securities backed by residential mortgages held by failed banks.

Freddie Mac and its regulator must do more to ensure loan servicers properly respond to complaints over handling of mortgages held or guaranteed by the U.S.-owned company, according to a government watchdog’s audit report.

The third party originations channels will “grow exponentially” over the next few years, and First Guaranty Mortgage Corp. wants to be ready for that, the company’s top executive said.

Federal Housing Administration may not be able meet increasing demand for multifamily and health care facility loans this summer when the agency is expected to run out of loan commitment authority.

Both Fannie Mae and Freddie Mac closed at $1.08 per share on Wednesday, continuing a spectacular run-up in recent days.

The purchases will remain divided between $40 billion a month of mortgage-backed securities and $45 billion a month of Treasury securities.

JPMorgan is returning to the private label residential mortgage-backed securities market and EverBank has entered it, according to presale reports from Fitch.

A client was told that his loan could not be sold on the secondary market to Fannie Mae or Freddie Mac.

Fannie is holding $61.5 billion in deferred tax assets in a valuation allowance account and Freddie is holding $31.7 billion in DTAs in a valuation allowance.

Government-owned Freddie Mac accuses the banks of acting collectively to hold down the U.S. dollar Libor to "hide their institutions' financial problems and boost their profits."

Deutsche Bank and Bank of America Merrill Lynch will issue $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City.

The Refinance Index decreased 8% from the previous week, while the seasonally adjusted Purchase Index decreased 4%.

Community banks have a problem with the Bipartisan Housing Commission’s plan for restructuring the secondary mortgage market.

John Schaefer, a 30-year veteran of the financial services industry, is joining Annaly Capital Management’s board.