Secondary Market

WDB Funding, LLC, announced the appointment of Andrew Pollock as the firm's president and CEO. Pollock brings 25 years' experience heading large-scale lending operations to his new role, where he is responsible for providing day-to-day leadership, managing operations, and executing the strategic direction of the company.

Loans originated last year are the best-performing mortgage loans on record, according to the November Mortgage Monitor released Tuesday by Black Knight Financial Services (formerly Lender Processing Services). The Monitor also found a significant increase in non-agency loans, a sign that the market might be ready for more risk. Non-agency, first-lien, prime, jumbo loans have increased 75 percent over the year in November, according to Black Knight.

To address concerns related to January's wave of regulations and ensure potential homebuyers still receive the service they're looking for, Churchill Mortgage has recruited a new full-time compliance trainer: Seth Trimble.

Fannie Mae released on Monday its latest forecast, predicting overall GDP growth of 2.9 percent in 2014 following 2013's expected growth of 2.6 percent.

ValuTrac, a software solutions company catering to the appraisal management and mortgage lending industry, hired Hank Pruett as VP of sales. Pruett has nearly 25 years of experience in appraisal management, title issues, and client relations and is knowledgeable in all types of appraisals, both residential and commercial.

Wingspan Portfolio Advisors, a diversified mortgage services company headquartered in Texas, named longtime industry expert Arleen Scavone to the newly created post of COO.

Churchill Mortgage's West Coast presence continues to expand with the opening of a new office in Orange, California, the company announced.

Commercial real estate (CRE) loan prices in the secondary market were largely flat in November, according to the latest report from DebtX, a loan sale advisor for commercial, consumer, and specialty finance debt. The estimated price of whole loans increased to 92.7 percent as of November 30, rising from 92.3 percent the prior month. Loan values were 89.4 percent. Meanwhile, DebtX's Loan Liquidity Index was 107.5, up from 105.7 in October.

The Mortgage Bankers Association's (MBA) sales team has added Barbara Hanson as director of education sales, the group announced.

The Federal Housing Finance Agency (FHFA) announced Wednesday that it has directed Fannie Mae and Freddie Mac to delay implementation of planned changes to their guarantee fee (g-fee) structure.