Secondary

Mortgage rates dropped this week to their lowest point this year as yields on the 10-year Treasury remain depressed in the wake of the Brexit vote.

The Dec. 31 expiration of the Home Affordable Modification Program will have a limited negative effect on residential mortgage-backed securities from 2008 or earlier, according to Moody's Investors Service.

A noted upper midtown Manhattan retail center that sold last month for $525 million is among several high-end retail, shopping and hotel resort properties JPMorgan is including in its latest commercial mortgage securitization.

Radian Guaranty has redeemed the $325 million surplus note due to its parent company, Radian Group Inc. in Philadelphia.

Total multifamily and commercial mortgage originations are expected to decrease from last year's levels because of economic uncertainty, according to the Mortgage Bankers Association.

Fifth Third Mortgage has introduced a new down-payment assistance program in conjunction with Freddie Mac's Home Possible Advantage 3% down loan.

The Federal Housing Finance Agency has opened the door to experimenting with front-end credit risk transfer transactions, but it is not wide enough for some market players.

Freddie Mac has obtained another three new insurance policies under its Agency Credit Insurance Structure program, representing the largest aggregate transaction to date.

The scheme is used by borrowers who don't have enough income to qualify for a regular mortgage, so they apply for a higher rate non-owner-occupied loan.

The Federal Housing Finance Agency’s first report on the sales of nonperforming loans owned by Fannie Mae and Freddie Mac may seem discouraging at first.