The Federal Reserve’s announcement that it will be extending Operation Twist disappointed mortgage investors as the statement did not include any additional mortgage purchases, according to a JPMorgan Securities midday report released Wednesday.

The limits on a national bank or thrift's exposure to a single borrower will now also include counterparties in derivatives transactions, according to an interim final rule released Wednesday.

The Federal Open Market Committee released a statement Wednesday confirming expectations that it would extend its “Operation Twist” program as well as continue reinvestment of principal payments in its agency MBS and debt holdings, prolonging downward pressure on long-term rates.

This week, the Mortgage Banker Association’s Government Refinance Index dramatically climbed to 8872 from 4010, which is a 120% week-over-week increase.

The European Parliament voted yesterday to keep the recommendation for ratings rotation on all structured finance products.

Freddie Mac has raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates.

In Tuesday’s Mortgage Strategy Weekly, FTN Financial analysts said that the speed of liquidation and loss severities within the RMBS market have a strong correlation.

NewStar Financial said it added Mark Denomme as a managing director for its leveraged finance group.

Mortgage application activity eased 0.8% in the week ending June 15 from the prior week due to a 9% drop in purchase activity.

The Consumer Financial Protection Bureau (CFPB) Tuesday promoted Steven Antonakes to head its bank supervision division and placed Paul Sanford in charge of large bank supervision.

The Consumer Financial Protection Bureau (CFPB) has fielded more than 19,000 consumer complaints about mortgage lenders and servicers with roughly 600 participants receiving some type of monetary relief.

This week’s Amherst Mortgage Insight argued that loan modifications are as important as bulk sales in solving the housing crisis.