www.MortgageDaily.com
purchase subscription

mortgage advertising

mortgage newsletter


mortgage feed


mortgage news headlines

mortgage statistics

mortgage leads

news archives

press releases

industry directory

mortgage graveyard

news by state

F o r e c l o s u r e N e w s

FHA, VA, HUD & Ginnie news

mortgage fraud

mortgage employment

mortgage lawsuits

subprime news

corporate

production

mortgage rates

net branch


mbs news

wholesale lenders

mortgage licenses

predatory lending

mortgage sales

mortgage brokers

mortgage servicing

originator tools

mortgage books

secondary marketing

mortgage technology

mortgage education

mortgage REITs

credit news

GSE news

mortgage associations

mortgage politics

M.I. news

appraisal news

commercial mortgage news

podcasts

archives


SUBSCRIBERS ONLY:

ARM index table

FHA resources

f o r e c l o s u r e resources

REIT directory

licensing by state

production by company

servicing portfolios by company


edit subscription

login

edit account

subscription help
or call Carmen at
214.521.1300
contact us

sales blog

mortgage fraud blog

free mortgage business news

mortgage news for PDAs, Blackberrys & wireless phones



SamGarcia.com
affiliated
publications:

CloseNow.com
CloserBlog.com
FraudBlogger.com
GirlsNewsDaily.com

mortgage industry news for your handheld computer
free mortgage industry news
MusicNewsDaily.com
SongBlogger.com

Secondary Marketing News

wholesale lending news | make secondary marketing your home page | advertise

Last Updated Tuesday, July 01, 2008 05:08 PM Texas Time

Wholesaler Boost Lending Capacity
A Florida-based wholesale lender hopes a new $1.75 billion will help it expand its third-party originations.

Ocala Funding LLC announced today that it closed on the $1.75 billion facility yesterday.

The lender and terms of the facility were not disclosed.
read full story

Accredited Parent Acquires $9.3 Billion in Loans
The parent of Accredited Home Lenders Inc. and the world's richest man are diving deeper into non-conforming mortgage lending.

Fannie Tightens Guidelines on Prior Foreclosures, Bankruptcies
Fannie Mae has notified its sellers about tougher requirements for borrowers with prior bankruptcies or foreclosures. The company has also tightened its policies for borrowers who purchase a new residence and convert their existing residence to a second home or investor property.

Freddie Purchases Soar
Secondary mortgage volume climbed to the highest level in almost five years at Freddie Mac. But delinquency reached a four-year high.

Fannie Loans Exceed $3 Trillion
Fannie Mae's book of business broke the $3 trillion barrier as monthly secondary purchases rose.

Secondary Market for Distressed Loans Expands
The number of buyers and sellers in the secondary market for distressed mortgages is growing, with four players announcing new activity. A recent acquisition of a residential servicing portfolio has created the country's fifth biggest servicer of government mortgages.

Bankruptcy Judge Rules on Repo Agreements
A bankruptcy judge recently ruled that an investment banking firm acted properly when it foreclosed on lower-rated subordinated notes that were part of a repurchase transaction where the principal filed for bankruptcy.

Selling, Servicing Updates to Freddie
Freddie Mac announced updates to its policies for sellers and servicers.

Sweeping Underwriting Changes at Chase
Chase has advised its correspondent lending customers of sweeping changes to income verifications, credit verifications and appraisal requirements. The company also outlined a number of red flags for potential mortgage fraud.

Fannie Updates 1008, I.O. Rules & FHASecure Purchases
Fannie Mae issued new coding for government-insured refinances of delinquent loans, updated transmittal summaries and revised interest-only debt-ratio calculations.