Secondary markets

NewDay USA will now be a correspondent purchaser of the Federal Housing Administration’s Home Equity Conversion Mortgage for Purchase program.

KB Home has taken its relationship with Nationstar Mortgage to the next level, forming a joint venture mortgage banker company to be called Home Community Mortgage.

Fannie Mae’s final numbers for multifamily securities issuance backed by new loans during the fourth quarter of 2012 are in, and top $10 billion for the period.

The wholesale channel is regaining market share and that should be the case in 2013.

The mortgage industry is facing a “regulatory tidal wave” as regulators are finally issuing the new rules mandated by the Dodd-Frank Act of 2010.

About $1.5 billion in California redevelopment agency bond proceeds are in limbo as the state government challenges whether the agencies had any right to issue them.

Banks were initially slow to sell nonperforming loans in the wake of the downturn.

Issuers of securities tied to U.S. rental homes will struggle to obtain ratings above the lowest investment-grade tier from Moody’s Investors Service unless they choose structures with higher expenses.

As bankers, real estate agents and others in the housing industry absorb thousands of pages of mortgage rules issued in the past week, they’re still waiting to see if regulators will set a minimum downpayment for home loans.

FCI Lender Services has passed a SOC 1/Statement on Standards Attestation Engagements No. 16 “superaudit” of service organization controls and become a ranked special servicer.

Republic Bancorp said that in 19 months of operations, its warehouse lending business has lines of credit outstanding of $217 million from total credit commitments of $331 million.

Noninterest income in the fourth quarter at PNC Financial Services Group was impacted by the previously announced $254 million provision related to mortgage loan repurchase requests.

First Niagara will recognize a pretax adjustment of $16 million in 2012 to accelerate premium amortization on its portfolio of collateralized mortgage obligations.

Ohio State University is coming to market Wednesday with $350 million of bonds that feature a new credit for the state’s leading flagship university.

Standard & Poor's raised the Chicago Housing Authority's issuer credit rating one notch to AA following criteria changes.

Homebuilders remain optimistic that a housing recovery will continue to take shape this year.

While private-equity firms snap up foreclosed homes in California, Arizona and Florida, smaller investors have found bargain-basement bonanzas in Detroit.

He calls the law tightening oversight of Wall Street among the most “harmful our capital markets have seen,” while she has compared bankers to gangsters.

Purchase applications have risen to the their highest level since April 2011.

The Federal Housing Finance Agency will have a new deputy director who left the FDIC to head its division of housing mission and goals.