Finance

Freddie Mac mortgage securities continue to underperform Fannie Mae MBS in terms of liquidity and pricing.

Commercial mortgage-backed securities late-pays in August fell 10 basis points to 6.68%, a milder decline than the record 40 basis point month-to-month drop experienced in July.

Shellpoint Partners' second sale of home-loan securities without government backing comes after the restructuring of its initial transaction.

U.S. Bancorp expects its mortgage revenue to drop 20% in the third quarter from the second period amid a decline in mortgage applications and mortgage production.

Kroll Bond Rating Agency has assigned preliminary ratings to six classes of mortgage pass-through certificates from another Shellpoint Asset Funding Trust deal.

The reform bill authored by Sens. Bob Corker and Mark Warner requires credit enhancers to put 10% capital behind every newly issued mortgage-backed security.

Five years ago this month, the Federal Housing Finance Agency, barely a month old, faced a crisis.

Realtors, homebuilders and small lenders are warning that a GSE reform bill approved by the House could curtail mortgage lending and harm the economy because it does not provide a federal government guarantee to protect MBS investors.

The Housing Policy Council supports the GSE reform proposal crafted by Sens. Bob Corker and Mark Warner, but it goes too far in requiring guarantors to take a 10% first-loss position on privately issued MBS.

The Texas state constitution must be amended for lenders to be able to offer the HECM for Purchase product, proponents said.

If implemented as-is, the latest risk retention proposals that U.S. regulators released Aug. 28 will lead to changes in deal structure and credit quality in commercial mortgage-backed securities.

Laurie Goodman has left Amherst Securities to pursue a full-time role at the Urban Institute.

Regional lenders including Fifth Third Bancorp and BB&T Corp. are rooting for the Federal Reserve to let interest rates rise.

Loan quality and performance analytics provider LoanLogics has acquired the assets of industry risk management firm Parker & Co.

Refinance application activity sank to its lowest level since June 2009, while the market share of refi apps is at a point not seen since April 2010.

To become a Ginnie Mae MBS issuer, the Federal Home Loan Bank of Chicago had to get the GSE regulator’s approval for the new activity.

Bank of America is being removed from the Dow Jones Industrial Average at the close of trading on Friday and being replaced by Goldman Sachs.

Freddie Mac is offering about $1.3 billion in K certificates in its 14th multifamily securities deal of this type for the year.

NCUA said new bonds to be issued by Fannie Mae that will allow investors to share the risk of homeowner defaults will not be permitted by federal credit unions.

Federal Home Loan Bank members will be able to sell FHA, VA and rural housing loans through a FHLB program soon and these loans will be pooled into Ginnie Mae MBS.