Secondary markets

If mortgage banking were a stock, how would you trade it? Discuss amongst yourselves.

The Federal Housing Administration is in the process of settling terms with five investors who first placed their bids in September.

Mortgage bankers are bracing for more guarantee-fee hikes from Fannie Mae and Freddie Mac in the months ahead.

Home loan closings were impacted as re-examinations and other forms of inspections needed to take place.

MVB Bank has agreed to purchase Potomac Mortgage Group for $19 million in cash and stock.

Freddie Mac has announced its last new offering of multifamily structured pass through “K” certificates for the year, a $1.1 billion deal set to price this week.

However, the American Bankers Association, Consumer Mortgage Coalition, Independent Community Bankers of America, Mortgage Bankers Association and the Housing Policy Council of the Financial Services Roundtable have “several concerns” about Phase 2 of the MBS proposal.

The new Redwood Trust notes offer investors a yield of 5.6% and mature in six years.

Late last week Credit Suisse came to market with a $330 million jumbo deal, which contains a wrinkle on representation and warranty clauses.

The House of Representatives passed an immigration bill that uses Fannie Mae and Freddie Mac loan guarantee fees to pay for the new visa program.

More jumbo MBS deals may be on the way.

Fannie Mae reported forward commitments—a barometer of future activity—of $96.7 billion, the highest reading in over three years.

Prospect Mortgage has been hiring some heavy hitters of late, causing tongues to wag.

One of the most important government actions affecting the farmland bubble goes back to before it was inflated.

Lawsuits by the Federal Housing Finance Agency that charge Bank of America, Citigroup, HSBC and Credit Suisse with wrongdoing in the sale of securities backed by residential mortgages may advance.

A handful of bulk residential servicing packages are in the market, and there is continued strong interest in the product from REITs and hedge funds.

A new Treasury blueprint on what to do with Fannie Mae and Freddie Mac appears to be on hold and may not see the light of day until secretary Tim Geithner leaves the agency sometime early next year.

Redwood Trust has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.

Congress is finally realizing that Fannie Mae and Freddie Mac are actually earning money.

It’s at least the second time in less than four months that the Securities and Exchange Commission has dropped an investigation into the marketing of mortgage-backed securities by a large U.S. bank.