Finance

GSE reform opens the door for the Federal Home Loan Banks to be bigger aggregators and MBS issuers.

The Senate Banking Committee dug into the details Tuesday of how to ensure that community banks retain access to a reformed housing finance system as agreement over a broad approach began to emerge.

Community bankers are trying to make sure they have a place at the table as legislators decide lender access to the secondary market where they play a bigger role than most believe to be the case.

The federal government’s role in mortgage finance must be addressed to determine if there’s a better way to originate, package and deliver loans to investors and attract new private capital into the marketplace, says Alan Bahr.

The Netherlands’ planned sales of the bonds over the coming year could have consequences for the U.S. private-label mortgage-backed securities market.

Redwood Trust continues to be the most active seller in the post-crisis jumbo residential-mortgage-backed securities market.

One commercial-mortgage backed securities deal is diversified by property type and highly leveraged, while the other has opposite traits. Both add to what could be record-setting fourth-quarter issuance.

Investors react to servicing rights sale to Matrix.

Rent-stabilized tenants at the 80-acre complex received notices from the New York State Division of Housing and Community Renewal saying that the agency approved four applications filed in 2009 in which the landlord sought to raise rents after performing “major capital improvements."

Sales have slowed since July when investors began demanding higher relative yields on jumbo mortgage-backed securities, but Citi’s proposed transaction suggests issuers are still trying to launch deals.

WE’RE HEARING competition in the correspondent channel is heating up and some banks are reaching out to mortgage brokers and asking them to join their “mini-correspondent” programs.

The agency prepares to sell MSRs left over from a 2009 failure.

They are offering warehouse lines as an antidote to the QM rule.

Martin Attea will replace a departing executive, and manage the consumer and mortgage verticals.

The deal will include $245 million of securities that Fitch Ratings plans to assign BBB- rankings.

Another big law like Dodd-Frank could be harmful to the mortgage market, but an incremental approach to housing finance reform might be the perfect solution.

Jumbo MBS started strong out of the gate this year, but the going has gotten tougher since then.

One good sign is commitments to purchase new loans edged up slightly in September.

The government-sponsored enterprise alleged that banks including Bank of America, JPMorgan Chase and Citigroup acted to suppress the rate.

In early after-hours trading, the technology provider's stock price was down an additional 19%.