Freddie Mac reported 30-year fixed mortgage rates averaged 3.62% for the week ending August 16, up three basis points from last week.

Lehman Brothers Holdings has removed WCAS Fraser Sullivan as the manager of a portfolio of commercial loans.

Jill Showell, who was formerly from PMI Group, becomes the mortgage servicer's senior vice president for government and community relations.

The automobile finance firm has acquired subprime auto loan lender Resurgent Auto Finance and has secured fresh capital for growth.

Small servicers would essentially be subject to many of the same requirements that came out of the $25 billion mortgage settlement.

The German bank placed a synthetic securitization backed by mezzanine risks worth €120 million.

Stabilizing fundamentals and favorable performance so far this year has reduced Fitch’s concerns over potential losses for life company mortgage investments.

A CMBS bond from the top of the cashflow waterfall in a JPMorgan conduit deal was hit with an interest shortfall this month.

Six federal financial regulatory agencies are looking over a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans."

The proposals are a potential credit negative for RMBS if they cover securitized loans, according to a Standard & Poor's note released this morning.

The debate inside the Republican Party over the future of Fannie Mae and Freddie Mac has taken a right turn with Mitt Romney's selection of Rep. Paul Ryan as his running mate.