Secondary markets

Guthrie Federal Credit Union has joined the Federal Home Loan Bank of Pittsburgh.

Builder Lennar Corp.’s Rialto Capital subsidiary has completed the first closing of its second real estate investment fund.

Fortress Investment Group said principal and director Robert Kauffman is retiring from the company.

Wall Street banks are offering warehouse lines to fund investors that are gathering large portfolios of single-family rental properties to begin the process of a securitization.

Hurricane Sandy’s impact on the private-label residential mortgage-backed securities market won’t be systematic and estimates for it are shrinking under closer examination.

Lower yields on mortgage-backed securities haven’t led to more savings on home loans after the Fed expanded its balance sheet to an all-time high of almost $3 trillion through bond purchases.

Donna DeMaio will have the same policies that led United Guaranty to become No. 1 in new insurance written.

Freddie Mac purchased $62.5 billion in mortgage loans and securities in November, up 25% from the month prior.

The Federal Housing Administration is certain to be the target of major reform efforts by Congress.

Fannie Mae and Freddie Mac rely on Libor to determine interest payments on their investments in floating-rate financial instruments such as bonds and swaps.

In recent years, banks have been regularly putting mortgage-backed securities on their books.

Freddie Mac’s chief financial officer Ross Kari will be leaving the company next summer.

In total, Moody's rates 687 stand-alone housing bonds, with approximately $5.5 billion of debt outstanding.

In today's low interest rate environment real estate is getting hot. Here are some tips to ponder if you are considering helping a family member purchase real estate this holiday or next year.

More and more homebuyers are applying for their loan on the Internet and that trend will continue in 2013, Mortgagebot executive declares.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased by three basis points from the previous week to 3.5%.

Bexil American Mortgage Inc. has agreed to purchase a 90% interest in an unnamed small mortgage bank.

If the private-label residential mortgage-backed securities market can get past the fiscal cliff, it might not do too badly in 2013.

MBIA is refusing to provide information requested by the Securities and Exchange Commission including on reserves for GMAC Mortgage and Residential Capital bankruptcies.

The Mortgage Bankers Association has created a new task force to review the trade group’s approach to government-sponsored enterprise reform.