Secondary markets

Everyone needs to tell the truth about appraisal turn times in this period of increased application volume.

Treasury announced that it has amended the preferred stock purchase agreements that the federal government has used to prop up the two government-sponsored enterprises.

The Department of Housing and Urban Development and its auction advisor, DebtX, have set an auction deadline of Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Among the issues to be considered in creating the right match between lender and provider is culture, capability and flexibility

Fannie Mae and Freddie Mac have expanded efforts to get refunds on soured mortgages, boosting the cost of faulty home loans at the biggest U.S. banks since 2007 to at least $84 billion.

Chicago Mayor Rahm Emanuel on Tuesday shot down the idea of using eminent domain to seize underwater mortgages.

Amalgamated, a New York-based trade union owned bank, has giving up outsourcing loan originations and has brought the process in-house.

Triad Guaranty's deficit-in-assets, the difference between policyholder obligations (both current and future) and the ability to pay them, is now $771 million, up $33 million from the first quarter.

The surge in Mortgage Partnership Finance lending has increased the Topeka Federal Home Loan Bank's mortgage portfolio to $5.55 billion, up from $4.57 billion in the second quarter of 2011.

Total Mortgage Services said it will “temporarily” moderate its wholesale lending channel after getting hit with a “significant increase” in business in the wake of other firms exiting the business.

Fewer large banks are willing to purchase their loans, so the mortgage banks are throwing themselves into the arms of Ginnie Mae.

Cole Taylor Mortgage executed on its diversification strategy in the second quarter by adding seven branches from another lender, plus by buying mortgage servicing rights.

Fitch has updated its RMBS loan loss model criteria in a move it expects to affect a relatively small percentage of its ratings overall.

Pacific Mercantile Bancorp, Costa Mesa, Calif., will exit the wholesale mortgage business.

The Federal Deposit Insurance Corp. sued banks including JPMorgan Chase & Co. and Citigroup Inc. over $388 million in securities sold to Colonial Bank.

It’s (almost) late summer and what better time to throw out a ‘loose ends’ blog on several story leads, ideas, and thoughts that have been knocking around my head (and inbox) of late.

Lewis Ranieri¹s Selene Partners made offers on portfolios of nonperforming mortgages being shopped by Citi, Wells, Asset-Backed Alert reports.

Roughly $2 trillion in residential servicing rights might be sold or transferred to subservicers between now and the implementation of the Basel III accords in 2015, according to a new report from Stern Agee.