Finance

Nationstar Mortgage Holdings has priced $1 billion in fixed-rate asset-backed term notes whose proceeds will be used to finance certain servicing assets.

Richard Dorfman, the head of the Securities Industry and Financial Markets Association’s securitization group, is leaving the organization.

Legislators working on bills to wind down Fannie Mae and Freddie Mac and reform the housing finance system need to ensure that small lenders don’t lose their access to the secondary market, according to the Mortgage Bankers Association.

Kroll Bond Rating Agency has assigned preliminary ratings to a $1.34 billion CMBS conduit sponsored by JPMorgan and Barclays.

The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.

One company sold a package of fixed-rate and agency-backed MBS. It then parked the proceeds into variable-rate mortgage securities.

Newcastle Investment Corp. has completed the sale of 100% of the assets in a collateralized debt obligation.

Inherent market risks are not stopping real estate owners from choosing to operate as niche real estate investment trusts, according to Fitch Ratings.

The senator expects work first on a standalone bill to fix the Federal Housing Administration before delving into broader Fannie Mae and Freddie Mac reform.

Two mortgage servicing rights portfolios are going up for bid, one a $1.7 billion Fannie Mae, Freddie Mac and Ginnie Mae portfolio, and one a $301 million Fannie Mae portfolio.

For the week ended May 31, overall application volume fell 11.5% from the prior week on a seasonally adjusted basis.

Conix Inc. has just completed a $42 million nonperforming loan securitization.

Federal Housing Administration officials tried to conceal an analysis showing FHA could face a $115 billion shortfall, a letter from a lawmaker shows.

BlackRock Inc. and other investors agreed to an $8.5 billion settlement with Bank of America Corp. over mortgage loans rather than risk litigation and the bankruptcy of its Countrywide Financial unit.

Most industry stocks were down by more percentage-wise than the Dow, but the most any one individual MIEC stock was down on the day was just 4.65%

Taylor Capital Group plans to enter the mortgage-servicing business through the purchase of servicing rights and facilities from Liberty Savings Bank.

Stonegate Mortgage Corp. is launching a fixed-rate jumbo loan product line through its retail offices and more than 700 approved third-party originators in 32 states.

The yield on the 10-year Treasury note has surged in the past month as some Fed officials have said the Fed could slow bond purchases.

Fairholme Capital Management owns $2.4 billion in preferred stock of the two government-sponsored enterprises.

The settlement ends an effort by International Fund Management of Luxembourg, DekaBank of Germany, and other investors to recover losses.