The number of properties underwater declined slightly in the second quarter, according to a new report released by CoreLogic.

Turkey’s Garanti Bank is in discussion with the Overseas Private Investment Corp. (OPIC) over receiving straight funding or a guarantee in a deal that could potentially be a structured transaction, said two sources familiar with the process.

The once red-hot mortgage REIT sector is in for a cold dose of reality — which could spill over to the already-cool housing market.

The 30-year fixed mortgage rates set a new record low of 4.09% with a 0.7 point that equates to 4.265%, according to Freddie Mac's weekly survey. This is down three basis points from last week's record low of 4.12%.

Now that the Federal Housing Finance Agency (FHFA) has sued the pants off of 17 issuers of nonprime MBS, the big question boils down to this: How much will the agency actually collect?

The International Finance Corp. (IFC) is investing $100 million into a fund that will provide coverage at the mezzanine risk level on portfolios of emerging market debt through a synthetic securitization structure.

MBIA has had strokes of luck lately, with the most recent positive developments coming from lawsuits filed against the company.

Three officials – including chief operating officer Craig Wildrick – recently left Alonhill, an independent third-party mortgage review firm based in Denver.

The National Association of Federal Credit Unions (NAFCU) told Senate leaders this week that continued U.S. support of MBS through Fannie Mae and Freddie Mac is critical for these non-profit lenders.

Redwood Trust's Sequoia Mortgage Trust 2011-2 (SEMT 2011-2) is in the market with a roughly $375 million prime RMBS.

The Eurozone sovereign debt crisis continues to deteriorate after news came out of an imminent Italian default coupled with the downgrade of two French banks. It will probably continue to plague the market over the next two to three years, industry analysts said.

Bingham McCutchen is expanding its presence to California by hiring Dan Passage in the firm's Los Angeles office.