The changing mortgage landscape continues to impact large banks and lenders, with SunTrust Mortgage announcing plans to exit broker lending, effective Dec. 31, 2013. …read more

The United States Senate Committee on Banking, Housing & Urban Affairs interviewed industry experts about the secondary mortgage market, in an effort to emphasis the pivotal elements to making the sector run. …read more

“Compared to other recently-issued prime jumbo transactions, this portfolio contains a very strong FICO score, combined LTV and DTI ratios with much less barbelled distributions,” DBRS states. …read more

Ratings firm DBRS re-rated 549 classes from 52 different U.S. residential mortgage-backed securities deals this week. …read more

Freddie Mac will be responsible for making monthly payments of interest and principal to investors based on the payment priorities set forth in the transaction documents. …read more

The credit ratings agency said it had some concerns about equity foreclosures in the deal but “both mortgages and pledges of the borrower’s equity secure the loan that backs the transaction,” said in the pre-sale report. “Moody’s was therefore able to assign high investment grade ratings to the senior certificates.” …read more

The move makes sense, American Capital is moving its portfolio away from 30-year and into more agency 15-year and adjustable-rate mortgages and will benefit from the specialty servicing expertise at RCS. …read more

Ed DeMarco’s seat as Acting Director of the FHFA remains safe for now. A procedural vote designed to get Rep. Mel Watt, D-N.C., thrust quickly into the head job at the Federal Housing Finance Agency failed on the Senate floor Thursday morning. …read more

A team of mortgage industry veterans launched a new independent consulting firm, Fair Oaks Consulting, which will provide litigation support services to the mortgage industry. …read more

Three federal home loan banks dropped their opposition to Bank of America’s $8.5 billion settlement to resolve legacy Countrywide mortgage issues. …read more

The Department of Justice may file another suit tied to mortgage bonds against Bank of America. The firm raised its estimate of potential losses by 82% to $5.1 billion. …read more

By Ryan Lundquist I’ve been talking quite a bit lately about “layers of value” or things that impact the real estate market. Values increase or decrease based on many factors. Let’s look at the image below to see some of the bigger influences for the Sacramento market. I shared a similar photo recently, but expanded […]

CoreLogic Case-Shiller index shows Sacramento home prices rose 26 percent this spring compared to same time last year. …read more

Consumer confidence fell for the fifth consecutive week, hitting its lowest level in more than a year, as America’s economic outlook eroded. …read more

Mortgage insurer Essent Group priced its initial public offering above expectations at $17 a share, expecting to raise nearly $335 million. …read more