Secondary

Alfred DelliBovi, head of the Federal Home Loan Bank of New York, has submitted his resignation after 21 years as president.

The deal would be the second connected to rental homes after Blackstone Group LP, the largest single-family landlord, issued the first such bond last year.

This sector is constrained by numerous and often complex issues, which span across the mortgage lifecycle, and affect a wide array of market participants, from the homeowner to the investor.

Redwood Trust Inc., the biggest issuer of U.S. home-loan bonds without government backing last year, is ending its four-month absence from a market that’s all but evaporated as banks compete with debt investors for the extra yield offered by private-label mortgages.

Executives at a recent NMN panel discussion also discuss why foreclosures will take longer to clear out in New Jersey and why some troubled borrowers may not want loan mods.

WASHINGTON -- The Federal Reserve Board on Wednesday took yet another step in unwinding its bond buying program, paring it to $55 billion.

Details in recent legislation unveiled by Sens. Tim Johnson and Mike Crapo are stoking fresh concerns among Fannie Mae and Freddie Mac shareholders now embroiled in lawsuits over their share of profits from the mortgage giants.

The best thing to happen to the business over the last three decades was the development of the secondary agencies' automated underwriting engines. The worst? There are several strong contenders….

The vendor thinks it can meet lenders' needs by creating a system which manages the various tasks that must be completed to move a loan through the origination pipeline.

The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.