Secondary

Senate Banking Committee leaders said Friday they would hold a panel vote on April 29 to reform the housing finance system.

A proposal by the Financial Industry Regulatory Authority designed to reduce counterparty risk in the forward market for mortgage bonds troubles some market participants, who say that the measures could have the opposite effect.

Bank of America Corp. should win dismissal of a U.S. Justice Department lawsuit accusing it of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities, a judge said.

Rep. Maxine Waters, D-Calif., unveiled a new plan Thursday to overhaul the housing finance market, entering what's becoming a crowded field of proposals to restructure the mortgage system.

Bank of America Corp. agreed to pay about $9.5 billion to settle government claims tied to faulty mortgages.

Redwood Trust, the biggest issuer of U.S. home-loan securities without government backing last year, ended a four-month absence from the market with a $342 million transaction.

Edward DeMarco will step down from the Federal Housing Finance Agency nearly five years after becoming its acting director.

Federal regulators issued a proposal Monday that would establish standards for states that register and supervise appraisal management companies.

A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.

The Federal Agricultural Mortgage Corp. (AGM) plans to sell $75 million worth of preferred stock in a public offering.