Secondary markets

An executive at Redwood Trust—the only active jumbo MBS issuer out there—said the firm has been able to expand its business despite challenges, including the government’s continued domination of the market.

What the heck ever happened to Uncle Sam’s subprime (real estate) lender, Springleaf Financial? Good question.

The Mortgage Bankers Association is calling for a merger of Fannie Mae and Freddie Mac’s mortgage bonds both as a “first step” in transitioning into a single security.

It’s been five years since Uncle Sam placed Fannie Mae and Freddie Mac into conservatorship and private investors all but abandoned the housing finance sector.

Webster First FCU Monday denied ownership of a mortgage once held by Saugus FCU, which it acquired last year and that is the target of a lawsuit seeking to halt foreclosure proceedings.

The head of Ginnie Mae said the agency is trying to “triage” its application problem after finding out that over the past year it could approve less than half of all applicants—and that several of those who received a green light have yet to issue any securities.

The housing finance system must be given back to the companies that make mortgages and the borrowers who use them to buy homes, keynote speakers said at the Mortgage Bankers Association’s National Secondary Market Conference.

An American Bankers Association-sponsored mortgage cooperative that sells loans to a select number of investors is looking for new partners.

A timeline Acting FHFA director Ed DeMarco provided to Congress in March targets September as the date for the first single-family risk-sharing deals. But the question boils down to this: What will Fannie and Freddie come up with and will it be profit-enticing enough for the private sector jump on board?

One has to be particularly careful to have the right mix of quality, technology and speed when it comes to managing valuations, contractor networks and FHA product in particular, according to three respective experts in these areas.

There may be a simple reason why Wells won’t buy mortgages from a certain lender.

Residential originations may have fallen by more than 10% last year, but don’t tell that to community banks that rely on Mortgage Solutions, a subsidiary of the American Bankers Association.

Ginnie Mae wants to provide more loan-level data to its MBS investors so they can determine if the underlying mortgages were originated through a mortgage broker or some other third-party channel.

Redwood Trust Inc., the nation’s only active securitizer of jumbo residential loans, posted stellar earnings of $30 million in the first quarter, a 66% jump from the same period a year ago.

Nonbank trade groups are calling on the Consumer Financial Protection Bureau to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.

The New York Federal Reserve has initiated a competitive bid in response to reverse inquiries for the holdings in two mortgage-related Triaxx collateralized debt obligations in the Maiden Lane III portfolio.

Annaly Capital Management Inc.generated a GAAP gain over the previous and year-ago quarters, and relatively stable earnings outside of unrealized gains or losses on financial instruments.

First-quarter surveillance of U.S. commercial mortgage-backed securities and commercial real estate collateralized debt obligations suggest slow growth for CRE property markets this year.

PennyMac Mortgage Investment Trust earned $19.1 million in the first quarter, a slight decline from the prior period.

It’s not easy being president. Just ask George W. Bush or Jimmy Carter. As for the current inhabitant of the White House, he was a bit late to the game when it came to tackling the housing and mortgage crisis. He wants to fix the housing/mortgage mess and he controls (sort of) three entities that can aid in that recovery: Fannie Mae, Freddie Mac and HUD/FHA