Secondary markets

Freddie Mac purchased $50 billion of home mortgages from its seller/servicers in October, the highest reading since June of 2009, according to new figures released by the government-controlled secondary market giant.

The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market, according to FBR Capital Markets.

The privately held Vericrest is serious about expanding its client base in the servicing arena.

It’s not every day that the HUD secretary calls a flesh-and-blood press conference for mortgage reporters, handing out paper instead of electronic files and then issuing a strict edict on a noon embargo. Then again, it’s not every day that the FHA Mutual Mortgage Insurance fund goes into the red by $16.3 billion.

In September and August, issuance of Government National Mortgage Association MBS topped $39 billion each month.

According to figures compiled by National Mortgage News, UBS was one of the largest underwriters of nonprime MBS during the housing boom.

Held in Atlantic City Oct. 9 and 10, the meeting was sponsored by three groups: the New Jersey Association of Mortgage Brokers; the Pennsylvania Association of Mortgage Brokers and the Maryland Association of Mortgage Brokers.

UBS is set to argue that the U.S. Court of Appeals in Manhattan should overturn a lower-court ruling allowing the Federal Housing Finance Agency to pursue its lawsuit over losses on $6.4 billion in mortgage bonds.

Recriminations about what caused the greatest mortgage meltdown in U.S. history continue to play out in various ways.

The committee has yet to issue a formal agenda for the next Congress, but a spokesman said that oversight of the Dodd-Frank law and other issues like mortgage finance reform will probably top the agenda, much like last year.

At the end of September, Cole Taylor's servicing contracts totaled $6.23 billion, a stunning 815% increase from the same period a year ago.

Credit Suisse's misconduct and deceit was at least partially responsible for more than $11 billion in losses suffered by investors in its boom-era residential mortgage securitizations, New York's suit claims.

Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the Mortgage Bankers Association, as rates ticked upwards for the period.

Mark Maiocca looks to give borrowers the opportunity for financial growth whichhis family didn’t have when he was growing up.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Fannie is seeking to require banks and other mortgage servicers to replace existing force-placed policies on loans it guarantees with insurance provided by a consortium of carriers offering 30% to 40% discounts.

Martin Pfeiffenberger gives back to his industry and his community through his commitments.

Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.