Secondary

The Oct. 31 rejection of North Carolina Democrat Mel Watt’s nomination to head the Federal Housing Finance Agency led to the move.

The agency's 2014 budget will rise to $268 million, as the mortgage-backed securities settlement and a better economy have improved the National Credit Union Administration's finances.

The bank struck an agreement this week to settle potential state and federal civil claims of misrepresentations in mortgage-bond sales by the lender and companies it acquired.

The new deal adds to evidence suggesting that private label residential mortgage-backed securities issuance is making a comeback after hitting a speed bump earlier this year.

Tim Howard, dismissed with former CEO Franklin Raines in late 2004, claims in a new book, "The Mortgage Wars," that the GSE was quite healthy—but was the victim of vicious attacks by a banking lobbyist group and regulators.

Almost 500 properties across various industry sectors back the net lease commercial mortgage-backed securities deal.

Mortgage Industry Equity Composite stock performance ranged from a gain of more than 1% on the day to a loss of more than 1%.

Retail loans dominate one deal. A mix of property types back the other one.

Individual deal exposures are minimal, for the most part. The area the tornado hit contained about 100 properties, according to Standard & Poor’s.

Buyers are purchasing properties “sight unseen” in New York and demand is strong on the coasts, Texas and in suburban Detroit.