The Securities and Exchange Commission this week charged two former head traders who ran the commercial MBS desk at Nomura Securities International with lying intentionally to customers to boost the profits of the firm as well as their commissions. The SEC complaint alleged that traders James Im and Kee Chan inflated the price on CMBS they bought and sold for customers on the secondary market. In certain instances, the two traders allegedly pretended they were negotiating bond purchases with a third-party seller at a higher price when Nomura had already purchased the bonds at a lower price. According to the SEC, the fraud generated...

Some 91.8 percent of REIT MBS holdings ($211.95 billion) are in agency securities…

Freddie Mac’s Gina Healy said the GSE expects to do another front-end MI transaction this month.

CFPB Director Richard Cordray would love to sit in on a GOP caucus as well.

The only way Fannie and Freddie are going to lose money is if there’s a hedging loss. And even then, it will be a non-cash charge…

But can Walter/Ditech grow its lending business in a highly competitive market?

The MBS collateral includes mortgages from several originators, led by wholesaler United Shore Financial Services…

The nonprime residential market is getting more attention as the big product categories hit the skids.

House Financial Services Committee chairman Jeb Hensarling believes it’s a done deal that Cordray will run for office in Ohio…

Watt noted the CRT coverage has come at a financial cost – and that Fannie and Freddie have been paying a premium.