Secondary markets

A new lending platform recently launched by Case Real Estate Capital is starting to look at deals and take applications.

The NAMB Board discussed how mortgage brokers were able to gain an advantage from certain regulations.

Home Loan Servicing Solutions reported net income of $14.3 million for the fourth quarter of 2012 and no change in servicing asset valuations.

Investor interest in second liens is continuing this year with several more pools expected to come to market.

U.S. CMBS delinquencies declined for the eighth month in a row, hitting the lowest level since the fall of 2010 in Fitch’s latest index data.

Red Mortgage Capital originated a $19.5 million refinance for the Oyster Bay Manor/Harbor House.

Prepayments on Home Affordable Refinance Program-eligible cohorts remained stable or slightly higher, but overall conventional bond speeds have dropped.

Equity Residential generated normalized funds from operations in the fourth quarter of 75 cents per share.

Invesco Mortgage Capital generated 77 cents per common share of net income for the quarter ending Dec. 31, 2012.

Ellie Mae’s stock price increase on Wednesday was the largest among stocks in this publication’s Mortgage Industry Equity Composite.

Peter Albano is joining Oppenheimer & Co. Inc. as head of taxable fixed-income sales.

A U.S. judge sided with a bond insurer in a closely watched case over representation and warranty putbacks in residential mortgage-backed securities.

Despite the buzz about the REO-to-rental market over the past year, there is still no clear indication of the role securitization can play in the permanent financing of repossessed single-family homes for conversion into rental properties.

The Basel Committee on Banking Supervision’s decision to allow banks to include highly rated residential mortgage-backed securities into their calculation of a new liquidity coverage ratio is undoubtedly good news for European RMBS.

Mortgage application volume rose for the fourth time in the last five weeks, even as rates on the 30-year fixed-rate mortgage increased for the seventh time in the past eight weeks.

What we're hearing from Ellie Mae executives is that the current high cost of compliance is going to get even worse.

The overall volume of resolved securitized commercial mortgage loans dropped slightly in January, resulting in higher loss severity rates and loan losses at greater than 2%.

The 30-year fixed mortgage rate is now currently 3.44%, which is up two basis points from the same time last week.

Stonegate Mortgage has entered into a participation agreement with the Bank of Virginia and has others in the works.

To entice more Home Affordable Refinance Program refinancings, lenders may contribute up to $2,000 toward the borrower’s closing costs or other fees by reducing the loan amount.