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Secondary

HSBC has reached definitive agreement with the Department of Justice that resolves charges related to the underwriting, issuance and securitization of residential mortgage-backed securities (RMBS) from between 2005 and 2007
  Wells Fargo Bank N.A. and a group of institutional investors including funds affiliated with BlackRock Inc. and PIMCO have announced the resolution of two class action lawsuits in federal and California state court related to Wells Fargo’s role as trustee for 271 residential mortgage-backed... Keep Reading....
Mortgage Capital Trading (MCT) has announced that it is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform
Mortgage Capital Trading (MCT) has announced that it is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform in order to shield borrower addresses from being shared with non-buying entities throughout the whole loan bidding... more
Fannie Mae reported $3.97 billion in comprehensive income during the third quarter, down from $4.4 billion in the second quarter but higher than the $3.04 billion from the third quarter of 2017
Fannie Mae reported $3.97 billion in comprehensive income during the third quarter, down from $4.4 billion in the second quarter but higher than the $3.04 billion from the third quarter of 2017.   The government-sponsored enterprise (GSE) also reported $4 billion in net income for the third quarter... more
Freddie Mac reported comprehensive income of $2.6 billion during the third quarter, up from $2.4 billion in the second quarter but down from the $4.7 billion reported in the third quarter of 2017
Freddie Mac reported comprehensive income of $2.6 billion during the third quarter, up from $2.4 billion in the second quarter but down from the $4.7 billion reported in the third quarter of 2017.   Freddie Mac also reported net income of $2.7 billion for the third quarter, up from $2.5 billion in... more
Blue Water Financial Technologies has developed an electronic co-issue pricing and trading platform, MSR-X for co-issuing purposes that allows lenders and investors to view portfolios and transactional data in real-time
Blue Water Financial Technologies has announced the hiring of Jason Sweeney as Executive Director of Business Development, where he will be responsible for new client acquisition, overseeing all outbound business development efforts.   Prior to joining Blue Water, Sweeney spent nearly 20... more