Secondary markets

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.

Hibernian Pacific Holdings acquired an 864-unit Class A multifamily portfolio located in Cobb and Gwinnett counties in Georgia.

Approximately 8% of the outstanding balance of commercial and multifamily mortgages held by nonbank lenders and investors will mature in 2013.

There is strong capital markets interest in securitizing renewable energy loans, and property assessed clean energy loans associated with commercial properties will probably be one of the first types securitized.

The early returns in the Origination News 2012 Loan Officer Survey shows volumes higher than in 2011. Credit: © Texelart - Fotolia.com

JPMorgan Chase & Co. is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value.

Fitch Ratings affirms the commercial mortgage-backed security servicer ratings of Bank of America and BNY Mellon based on their experience, technology and management expertise.

During February, if a purchase loan is not underwritten and decisioned in three day, the borrower gets a credit

There is more opportunity for lenders to make money on purchase deals in 2013 rather than refinances.

Credit Suisse Group is seeking to sell $407.4 million of securities tied to new jumbo U.S. home loans without government backing in the third deal of the type this year.

Strong demand for refinancings pushed up Fannie Mae’s loan purchases and MBS issuance last year by 40% compared to 2011.

The Eleventh Federal Home Loan District Cost of Funds Index increased seven basis points between November and December to 1.071%.

The Mortgage Industry Advisory Corp. is offering a $457 million portfolio of residential mortgage servicing rights on behalf of an unnamed national mortgage originator.

Moody’s Investors Service finds commercial mortgage-backed securities loan credit quality indicators favorable for the time being but is cautious about 2013.

Following a relatively stable fourth quarter of 2012 the U.S. CMBS delinquency rate fell 14 basis points to 9.57%.

Capstead president and CEO Andrew Jacobs expects there will be more stability in the company’s results this year absent more federal rate intervention.