Secondary

Commercial mortgage underwriting standards have already loosened dramatically this year, but it seems that some borrowers are still trying to get away with a little more.

Fannie Mae has transferred the credit risk on a $12 billion pool of mortgages to reinsurers.

Interest rates on 30-year fixed-rate mortgages fell slightly during the week ending Nov. 19, as the market and investors have mixed opinions on whether the Federal Reserve will raise interest rates next month, according to Freddie Mac.

New homebuilding declined more than projected in October, led by a slump in apartment construction and showing fitful progress in residential real estate.

The House approved a bill Monday night capping pay for Fannie Mae and Freddie Mac's top executives, sending the measure to President Obama's desk to be signed into law.

The chief executive officers of mortgage giants Fannie Mae and Freddie Mac are set to receive a multimillion-dollar pay cut.

Fannie and Freddie are irredeemable failures, which must be abolished as the first step in any type of housing finance reform — if current and former officials of the U.S. Department of the Treasury are to be believed.

The congressman thinks there could be an opportunity to push covered bond legislation through now that a standoff over the debt ceiling has been resolved.

Joshua Banschick, a mortgage bond trader at JPMorgan Chase & Co., has returned to work nearly a year after the bank placed him on leave amid government probes into that market.

Rates on 30-year fixed-rate mortgages rose to the highest level since the end of July as a strong jobs report increased the likelihood that the Federal Reserve will boost borrowing costs for banks.