Secondary markets

Although Bank of America exited the correspondent channel earlier this year, its Merrill Lynch affiliate is aggressively bidding on jumbo loans in the secondary market.

The Federal Housing Administration's fiscal year 2012 actuarial study for its main single-family program shows that its capital position has turned negative, by $13.5 billion.

Thirty-year conventional prepayment speeds overall dropped 8% in the latest month.

Research looking into the increasing gap between primary and secondary mortgage rates suggests that there are some factors to watch which affect these going forward.

The White House has been unhappy, to some degree, with Edward DeMarco because of his refusal to allow the GSEs to write down the principal on underwater loans as a restructuring tool.

Ed Pinto says 40% of FHA loans are subprime and are hurting neighborhoods.

PennyMac is experiencing explosive growth in the correspondent channel.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

Unemployment is one of the reasons why the recovery is a slow one.

Allonhill workers who lost their jobs were working on transactional due diligence accounts.

Rumors abound of new jumbo conduits, and there seems to be a little more fire to the smoke than earlier in the year.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Is the Federal Reserve gobbling up so much mortgage-backed securities in the secondary market that it’s creating a shortage?

Gradual agency guarantee-fee increases are going to continue, Federal Housing Finance Agency acting director Edward DeMarco reaffirmed.

Sue Allon, CEO and chairman of the firm, confirmed the layoff to National Mortgage News adding that the measure is “due to unforeseen circumstances.”

The Federal Trade Commission has updated its guidelines for anti-identity theft programs.

Refinancings are holding steady, but “have leveled off a little bit.

An originator's point of view on how consumers should shop for their loan.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

The American Securitization Forum has formally issued a comment letter supportive of a GSE single securitization platform.