Secondary

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.

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….