Secondary markets

Among other things, Bank of America is accused of continuing a high speed loan processing program dubbed "The Hustle" that started at Countrywide and cause massive losses at Fannie Mae and Freddie Mac.

As part of the settlement, Royal Bank of Scotland has agreed to refrain from financing, purchasing or securitizing subprime mortgages unless it has sufficiently reviewed the underlying loans.

Some key regulatory issues still need to be addressed in order for private-label mortgage-backed securities to make a comeback.

A Washington research executive at Keefe Bruyette & Woods believes GSE reform may move quicker if Obama gets reelected, but not by much.

One servicing executive tracking the deal said Nationstar is favored to win the bid.

Wholesaler Mortgage 360 suports the Home Affordable Refinance Program.

A plan to extend the corporate bond transparency system to mortgage-backed securities is moving forward.

The servicing rights of Residential Capital Corp. could fetch just over $1 billion.

Aside from those potentially game-changing rules, banks are also facing higher guarantee fees by Fannie Mae and Freddie Mac and higher premiums for Federal Housing Administration loans.

The amount of capital required of depositories to hold residential mortgage servicing rights would jump to 28% under Basel III proposals from 17.2% today.

Ginnie Mae approved 34 new issuers in fiscal year 2012 (which ended September 30), bringing the total universe of government-approved firms up to 406.

Transparency is the word being thrown around by many at the meeting.

Residential Capital Corp. will be sold through an asset sale with possibly $4 billion in proceeds going to the bankruptcy trustee.

Fannie Mae and Ginnie Mae are seeking to protect taxpayers as a flood of new lenders apply to do business with them.

Mortgage Bankers Association president and CEO David Stevens declared that Fannie Mae and Freddie Mac should go through the same rule-making process as any other government agency while they are in conservatorship.

PCV Murcor released at the Mortgage Bankers Association’s annual convention what it described as a Rental Broker Price Opinion with some new twists.

It’s safe to say that Debra Still, the incoming chair of the Mortgage Bankers Association, is battle-tested.

With origination volumes booming, PennyMac has doubled a repo facility it had with Citibank.

Fannie Mae hopes to attract more private capital to the business but so far it's been tough sledding.

As Michael Young prepares to depart as chairman of the Mortgage Bankers Association he has two items at the top of his Washington wish list: that regulators “get it right” on both the qualified mortgage and qualified residential mortgage rules.