Secondary

Lenders are mostly relieved that regulators broadened an exemption for mortgage securitizers to avoid a 5% risk retention requirement, but some are focusing on the plan’s potential impact on securities backed by leveraged commercial loans.

The actions of the Consumer Financial Protection Bureau will determine how successful the market will be, a panel discussion at the Mortgage Bankers Association convention says.

Issuance forecasts ranged between $65 billion to $115 billion in an investor survey.

Trading volume in both companies remains well above normal levels as investors sold off their holdings on Monday.

Parkway Properties says 7000 Central Park is a Class A office tower that is expected to generate initial full-year cash net operating income yield of approximately 5%.

The JPM settlement’s payout ratio compared to losses is less than 7%. The Countrywide settlement offered bond investors a payout ratio of almost 11% of losses, according to Barclays.

Lenders facing volume declines are selling mortgage servicing rights to bolster their revenue.

Standard & Poor’s, a unit of New York-based McGraw Hill Financial Inc., had argued that its ratings are opinions are protected by the First Amendment of the U.S. Constitution.

The accord still needs approval from trustees overseeing the securities and may be subject to court review.

The San Francisco bank will be joining the MPF Xtra program next year.