Secondary

Glenn Costello, a structured finance veteran cited through the years in the pages of the Asset Securitization Report for his sharp analysis, particularly of residential mortgage-backeds, died on April 6.

A subsidiary of Chimera Investment Corp. has just closed a $268.7 million RMBS, according to a private placement memorandum obtained from a market source.

Consumer demand for housing has dropped to its lowest recorded level due to reduced confidence in financial security and income raises, a new survey from Fannie Mae says.

Jernigan Capital has listed 5 million shares of its common stock in an initial public offering.

Fannie Mae plans to sell pools of nonperforming single-family mortgages.

While arrangements to finance MSRs may represent the cheapest way to address liquidity, other avenues of adding cash may be available and necessary.

Freddie Mac's next STACR offering will offer investors exposure to actual losses on residential mortgages, something the mortgage giant says investors have been asking for.

John W. Allison is always on the hunt for non-dilutive deals that will boost his Arkansas company's earnings. That has largely led to deals for Florida banks, but Home just agreed to buy nearly $300 million in nationwide commercial real estate credits and recruited a team to open a loan production office in New York.

The plan by the Federal Home Loan Bank of Topeka is intended to reduce the bank's mortgage concentration risk while also providing members with a new investment opportunity.

Mortgage rates largely stayed put amidst mixed housing data as the March jobs report looms.