Secondary markets

Barclays Bank has been sued by the nation's top credit union regulator for violating federal and state securities laws tied to the sale of nonprime MBS.

New Penn Financial, a fast-growing lender with ties to MBS co-inventor Lew Ranieri, hired Brian Simon as its new chief operating officer.

A recent article titled “Mortgage Cops Taking Tough Stance” implies that my office is going to “lock up” anyone who strategically defaults on their mortgage.

The government insurance program so far is seeing a decline in market share, as planned.

It’s been almost nine months since insurance conglomerate MetLife pulled the plug on its mortgage banking operation with the company offering little in the way of insight about its residential servicing portfolio.

The Federal Reserve’s third quantitative easing program has made more progress lowering rates than some expected, but it is not at a point where it will spur refinancing notably.

The Mortgage Bankers Association and other industry groups have lined up considerable legal talent to prevent and block any local community from invoking eminent domain to seize and restructure underwater mortgages.

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers.

Interactive Mortgage Advisors is offering two small bulk mortgage servicing rights packages, one backed by loans in Pennsylvania, the other in Nevada.

The total amount of commercial real estate debt declined by 0.4% in the second quarter compared with the first.

Federal Financial Analytics believes that higher net worth standards are not necessarily a problem for bank servicers, but could pose a “significant obstacle” for small nonbanks, depending on the capital threshold.

Old Republic International Corp. has filed a corrective plan for Republic Mortgage Insurance Co. with the North Carolina Department of Insurance.

Second quarter new insurance written strong, but legacy business remains an overhang.

Mortgage bankers are worried that the GSEs might be ushering in a ‘score card’ rating on all their customers tied to net worth, loan quality and more.

Arlington Asset Investment Corp., a Virginia-based real estate investment trust that buys residential mortgage-backed securities, priced a public offering of 3 million shares of common at $24.80 per share.

Initial demand shifted toward the long bond in the pricing of Fannie Mae’s latest multifamily delegated underwriting and servicing REMIC deal.

Was Berkshire Hathaway faking an interest in Residential Capital Corporation?

An EquityLock Protection contract protects the value of a customer’s home from future local market declines for up to 15 years.

Crucial to bringing investors back to the private secondary mortgage market is convincing them of appraisals’ soundness, and there has been a lot of effort on the part of both government and private market entities to make that happen.

A federal task force formed to probe misconduct in the mortgage and MBS markets may be getting ready to take action.