Finance

A client was told that his loan could not be sold on the secondary market to Fannie Mae or Freddie Mac.

Fannie is holding $61.5 billion in deferred tax assets in a valuation allowance account and Freddie is holding $31.7 billion in DTAs in a valuation allowance.

Government-owned Freddie Mac accuses the banks of acting collectively to hold down the U.S. dollar Libor to "hide their institutions' financial problems and boost their profits."

Deutsche Bank and Bank of America Merrill Lynch will issue $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City.

The Refinance Index decreased 8% from the previous week, while the seasonally adjusted Purchase Index decreased 4%.

Community banks have a problem with the Bipartisan Housing Commission’s plan for restructuring the secondary mortgage market.

John Schaefer, a 30-year veteran of the financial services industry, is joining Annaly Capital Management’s board.

Collateralized mortgage obligation issuance so far this year has been stronger than last, but volume levels are still shy of what it was in 2011.

We're hearing that some in the mortgage industry are finding recent legal developments are further complicating and even potentially changing business decisions involving sales of nonperforming loans from the private-label residential mortgage-backed securities market.

Gramercy Capital Corp. is exiting the commercial real estate finance business, and effective April 15 will change its name to Gramercy Property Trust Inc. to reflect its focus going forward.

Morningstar released a presale report on another Goldman Sachs single-asset commercial mortgage-backed securities deal.

Two Harbors Investment Corp. has priced a public offering of 50 million shares of its common stock at an offering price of $13.46 per share.

Fannie Mae and Freddie Mac’s stock has gotten a lot of support from the news of Rep. Melvin Watt’s possible nomination.

All but four Mortgage Industry Equity Composite stocks were losers on Monday as the market reacted to uncertainty in Europe.

The initial exchange rate for each $1,000 aggregate principal amount of notes is 42.0893 shares of the company’s common stock.

Kroll Bond Rating Agency has assigned preliminary investment grade ratings to another single-borrower commercial mortgage-backed securities transaction.

The U.S. residential mortgage-backed securities sector continued to account for the majority of downgrades in Fitch’s 2012 global structured finance rating and impairment activity report.

Moody’s Investors Service slammed its rival ratings agencies for their recent assessment of a CMBS deal backed by a single, large loan.

Preferred and common stock of Fannie Mae and Freddie Mac soared after four senators proposed legislation related to the mortgage financiers that were placed into government conservatorships.

More than 20 companies are forming a securitization organization.