Secondary Market

A Los Angeles jury ruled three former IndyMac Bank officers must pay $169 million in damages to the FDIC for making negligent loans to homebuilders.

Genworth Financial, Inc., has appointed an independent director as part of the company's strategy to rebuild value for shareholders. Naming the former CEO and director of Freddie Mac to the board, Genworth added David M. Moffet to fill the new position.

StreetLinks Lender Solutions LLC has both a new division and a new product to show off.

Global DMS, a provider of Web-based compliant valuation management software, selected Patricia Rauch for a newly created role. Rauch wears the title of COO and will be responsible for overseeing the daily operations and management of the company, including system development, client services, finance, sales and marketing.

A preliminary report from Thomson Reuters and the University of Michigan shows consumer confidence took a major hit to start December. The Thomson Reuters/University of Michigan Index of Consumer Sentiment fell to 74.5, a substantial drop from November's promising 82.7. The median forecast from economists polled by Reuters was 82.4. Richard Curtin, chief economist for the survey, said the decline stems from worries over Washington's apparent lack of progress in fiscal cliff negotiations.

After a quarter of growth, Fannie Mae's total Book of Business remained essentially flat in October.

Strong positive indicators in the housing market have Capital Economics revising its predictions on growth in 2013 and beyond.

The number of new improving markets observed by the National Association of Home Builders (NAHB) skyrocketed in December.

Superstorm Sandy blew a hole not in the nation├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós labor market, but in economists├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó crystal balls as the economy added 146,000 jobs and the unemployment rate fell to 7.7 percent--the lowest level since December 2008--the Bureau of Labor Statistics reported Friday.

GMH Mortgage Services LLC, headquartered in Newton Square, Pennsylvania, announced Joel Rose has come on board at VP of retail sales for the company's eastern division.