Secondary

Morgan Stanley agreed to pay the Securities and Exchange Commission $275 million to resolve a probe into the sale of subprime mortgage-backed securities in 2007.

The Securities and Exchange Commission wants public input on the idea of requiring loan-level data disclosure to be made through an investor website rather than on the public EDGAR system.

Jumbo mortgages currently are yielding less than agency loans, and there are other anomalies you can see in the business if you look closely.

Standard & Poor’s said President Obama met with Treasury Secretary Timothy Geithner just before Geithner warned the company to expect a response to its downgrade of U.S. debt, an event that justifies its request to see White House communications to help defend fraud claims.

Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.

The loans have better-than-average credit and home equity metrics, according to Standard & Poor's. The deal lacks fraud-related representations and warranties, but all loans are performing, DBRS finds.

As Fannie Mae reports another big profit and the repayment of its government bailout, key questions remain about the size of taxpayers’ return and the mortgage giant’s business model.

After eight straight profitable quarters and record annual income, Fannie Mae's dividend payments to the U.S. Treasury now exceed the bailout funds it's received since 2008.

The answer will depend on how Washington politics play out, how much balance sheet relief private securitization really provides to sellers, and how much borrowers and investors ultimately demand it.

A financial reform group hoping to block the government's $13 billion settlement with JPMorgan Chase faces a steep uphill climb.