Secondary markets

“We cannot continually buy more securities and create more bank reserves without jeopardizing our inflation goal,” said Federal Reserve Bank president Jeffrey Lacker.

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?

There is not a set time frame for the specified pool data to go live, but it has been approved and will be moving forward.

The American Bankers Association has lined up Stonegate Mortgage Corp. to serve as a secondary market investor for its mortgage cooperative, Community Bank Mortgage.

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

Interthinx has expanded its suite with a new MERS compliance audit service.

Almost $700 billion of mortgage servicing rights are in some stage of auction or sale.

Lenders on the deal include First Republic, Fremont, Prime Lending, Flagstar, WL Bradley and Cornerstone Mortgage.

Wingspan Portfolio Advisors, a once-fast-growing specialty servicer that does business with the GSEs and other clients, is laying off almost 460 workers, according to a notice it filed with the Texas Workforce Commission.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed.

Within the next few days a crucial audit will be released on the FHA’s mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

The total structural damages from the hurricane may be twice as high as the amount insurance covers, and insurance rates will likely increase.

John Getchis is looking at ways to continue efforts to improve Ginnie Mae's securitization efforts in line with its mission.

Allonhill laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients.

Annaly Capital Management has proposed to purchase the shares of Crexus Investment Corp. it doesn’t already own.

The Federal Housing Finance Agency wants to work with the two government-sponsored enterprises to create a common platform that’s capable of securitizing government loans and private mortgages.

The Federal Housing Administration's financial plight is the result of its support for the housing market after private sources of credit dried up.

Walter Investment Management posted strong servicing results in the third quarter while revealing that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.

It appears that the privately held New Penn is positioning itself to be a major player in the jumbo market