Secondary markets

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.

In December, builder confidence reached a level of 47, marking a two-point gain from the prior month’s reading.

Treasury 10-year yields touched the highest level in seven weeks amid speculation talks are progressing in Washington to resolve a budget showdown that threatens to send the economy into recession.

More existing homeowners who have been paralyzed by falling house prices and job insecurity may finally be in the mood to move up and purchase a new home.

The Obama administration thinks you can have your MBS cake and eat it, too, but some on Wall Street are not so sure.

The Department of Housing and Urban Development is desperately trying to find a quick fix for its reverse mortgage program.

The Federal Housing Finance Agency gets credit from securitization market participants for producing profitable and viable government-sponsored enterprises.

When a consumer enters into a short sale it goes down on their credit report as a default, unless someone pulls a string.

Bob Ryan, a senior HUD official who launched FHA’s foray into risk management as it pertains to lenders, has accepted a position with Wells Fargo Home Mortgage.

Stephen Cross, the Federal Housing Finance Agency’s deputy director of its Division of Federal Home Loan Bank Regulation, will retire in March.

Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis.

Consumer advocates and mortgage bond investors have alleged that banks and insurers grossly inflate the cost of such policies, overcharging struggling homeowners and investors by hundreds of millions of dollars.

A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s revival.

Treasuries fell after Federal Reserve officials said they'll expand their third round quantitative easing with additional asset purchases.

Having a business plan for when refinancings go away.