Finance

The company said it will use the proceeds to “fund the continued growth of its correspondent lending business and to acquire additional mortgage loans or other investments."

LPS will now offer RentRange reports to clients looking for accurate rent projections for real-estate-owned properties.

Would-be GSEs reformers should remember that the GSEs influence commercial and multifamily mortgage-related securities markets as well as single-family ones

Ellington Financial will use the proceeds to acquire assets such as agency MBS and non-agency RMBS.

The Mortgage Industry Advisory Corp. is selling almost $8 billion worth of Ginnie Mae servicing rights for an undisclosed client.

The recently revised HARP has narrowed the differences between Fannie and Freddie’s refinancing programs and their prepayment speeds

The low delinquency rates reflect both lenders' conservative underwriting and consumers prioritizing card payments, TransUnion's Ezra Becker said.

The Rhode Island Student Loan Authority series 2012-1, worth $111 million, will be rated by both S&P and Fitch..

The credit card ABS market's recovery continues at a quick pace with new-issue volume increasing as spreads in the sector tighten, Wells Fargo said.

The Dodd-Frank Mortgage Reform Managed Compliance Modules offer compliance assessment to help financial institutions follow the regulation's key sections

The Department of Housing and Urban Development and DebtX have set Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.

The new repo line allows the REIT to sell to, and later repurchase from, BofA newly originated residential mortgage loans that it bought from correspondent lenders and held for sale and/or securitization.

Year-to-date 2012 volume in the sector has hit $922 million versus the record $21.4 billion issued in 2011 year-to-date, Dealogic reported.

The New York Fed will be offering non-agency RMBS contained in Maiden Lane III through sales scheduled for tomorrow.

The probability of a third round of quantitative easing might have declined but it is still above its lows of the spring when odds dropped to between 20% and 30%.

San Bernardino County moved a step forward Thursday with its plans to restructure underwater mortgages through the use of eminent domain.

In a letter spelling out the potential harms to the market, the American Securitization Forum said that these deals should not be classified as commodity pool operators.

The Treasury Department’s decision to change the terms of Fannie Mae and Freddie Mac’s bailout agreements will ensure their financial stability and that of the entire mortgage market, the Federal Housing Finance Agency said.

The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, which could render them more dependent than ever on the government.

The recent weaknesses in the U.S. and struggles in the eurozone's sovereign debt loans have continued to keep prices lower for structured products, SecondMarket said.