Secondary Market

360 Mortgage Group, a privately-owned mortgage bank, announced it is bringing on Kenny Deen to help expand the company's presence in Nevada. Deen is 360 Mortgage's newest account executive.

In a regulatory filing released Thursday, JPMorgan Chase revealed it has reached a settlement with the Securities and Exchange Commission (SEC) to resolve claims against itself and Bear Stearns. According to the filing, JPMorgan "has reached an agreement in principle" with the staff of the SEC to resolve claims under investigation. The SEC notified JPMorgan in January that it was considering pursuing claims after an examination of JPMorgan's and Bear Stearns' practices.

In Maryland, Walker & Dunlop, Inc., is preparing to welcome two new board members. Announcing the addition of Andrew Florance and Michael Malone to the firm's directorship, Walker & Dunlop filled two of three vacancies on the board.

Fannie Mae reported a $1.8 billion net income for Q3 this year, an improvement over the $5.1 billion loss last year.

Now that Obama has won a second term, his administration is charged with leading phase two of the housing recovery.

It's been a tumultuous couple of weeks for Americans, but mortgage rates have been rock-steady.

First-time claims for unemployment insurance fell 8,000 to 363,000 for the week ended November 3, the Labor Department reported Thursday. Economists expected 370,000 initial claims filing. It was the third straight weekly decline and the fifth drop in the last seven weeks.

Retreat Capital Management, an Irvine, California-based provider of advisory services and component servicing for the mortgage servicing industry, announced it has increased its employee based by 241 percent so far in 2012.

Sabal Financial Group, L.P. hired Jason Hull as the director of business development to help the company continue seeing growth. Hull will be tasked with developing areas of Sabal's business, such as commercial real estate investments and all types of third party services.

In sunny Naples, Florida, the winter retreat belonging to high-profile Boston, Massachusetts, resident Jack Connors has hit the market for $22.9 million. Connors, who the Boston Globe calls a legendary Boston power broker, is believed to have purchased the home for an estimated $16 million in 2006, according to Curbed.