Secondary markets

Bank of America is continuing to unload large chunks of its mortgage servicing portfolio.

Fannie Mae is telling new seller/servicers that it will cap how much product they can sell to the GSE based on their net worth and other factors.

Who's on the Fannie/Freddie 'High Risk' watch list? Well, we can guess who isn't on it.

Home values have been rising the past few months, a good sign for the Federal Housing Administration’s single-family insurance fund, which has been dangling on the edge of insolvency.

In late October $365 billion of mortgage servicing rights belonging to Residential Capital Corp. will be auctioned off to the highest bidder.

Increased volumes have pressed many people and their loan production platforms to a breaking point.

A new report from the Federal Housing Finance Agency inspector general on Fannie Mae’s MSR deal with Bank of America also confirms that the GSE tried to buy specialty servicer Litton Loan Servicing.

A law firm that won an $8.5 billion settlement from Bank of America Corp. tied to faulty mortgage bonds said Wells Fargo and Morgan Stanley failed to service $73 billion of similar securities, creating a default.

The Federal Reserve’s decision to purchase $40 billion in agency mortgage-backed-securities a month could hasten the wind down of the government-sponsored agencies’ giant mortgage portfolios.

When Fannie Mae agreed to pay Bank of America $512 million to buy the right to administer 384,000 loans last year, members of Congress questioned the size of the payment to the beleaguered servicer.

As of late last year Fannie Mae and Freddie Mac had placed more than 300 high-risk counterparties on watch lists and stopped doing business with more than 40 of them.

Presale reports on the latest deal from the only consistent, current issuer of recent origination private-label mortgage-backed securities highlights its inclusion of relatively shorter-term loans.

One tenet of real estate investing is that you never should sell a home in a down market. And one tenet of mortgage banking has always been that you don’t sell servicing rights in a down market either.

Freddie Mac is adding some new innovations to upcoming commercial mortgage securities deals from its so-called K series.

Rep. Scott Garrett, R-N.J., is working a bill that would encourage the re-emergence of a private-label securities market by exempting certain loan pools from risk retention and SEC registration.

The Federal Open Market Committee said it would increase its holdings of agency mortgage-backed securities by $40 billion per month in a third round of quantitative easing.

The Federal House Finance Agency is committed to building a common securitization platform that Fannie Mae and Freddie Mac both will use to issue their own MBS, but there will be no blending of their products.

Confirmed: some banks are buying and funding nonprime mortgages -- but the effort is small.

Strategic defaulters, beware. The feds are coming for you—not the FBI, but the Office of the Inspector General at the Federal Housing Finance Agency.

Mortgage seller/servicers may need to cough up an additional $3.4 billion of damages to Freddie Mac for buybacks.