Secondary

Mortgage Capital Trading Inc. (MCT) has announced that Cara Krause has joined the company as regional sales director
Mortgage Capital Trading Inc. (MCT) has announced that Cara Krause has joined the company as regional sales director, responsible for business development efforts and client management for new lender clients in the Northeast region of the country.   Krause has more than 25 years of experience... Keep Reading....
Freddie Mac  has released the results of its Primary Mortgage Market Survey (PMMS), which found that the 30-year fixed-rate mortgage (FRM) rate rose slightly for the third consecutive week averaging 4.24 percent with an average 0.8 point for the week ending Nov. 4, 2010. This was up up slightly... more
Freddie Mac has released its earnings results for the third quarter of 2010, claiming a $4.1 billion net loss for the quarter based strongly on a sagging U.S. housing market and another draw from the U.S. Department of the Treasury to maintain positive net worth. The company had a net worth deficit... more
Oregon Treasurer Ted Wheeler and Attorney General John Kroger have announced a lawsuit against former financial giant Bear Stearns & Company to recover losses that were directly attributable to misleading filings in connection with mortgage-backed securities (MBS). MBS are bundles of real... more
Louis Hernandez Jr., is the chairman and chief executive officer of Glastonbury, Conn.-based Open Solutions Inc., a provider of integrated enabling technologies for financial service providers throughout the United States, Canada and other international markets. Mr. Hernandez recently wrote a... more