Secondary

Investors react to servicing rights sale to Matrix.

Rent-stabilized tenants at the 80-acre complex received notices from the New York State Division of Housing and Community Renewal saying that the agency approved four applications filed in 2009 in which the landlord sought to raise rents after performing “major capital improvements."

Sales have slowed since July when investors began demanding higher relative yields on jumbo mortgage-backed securities, but Citi’s proposed transaction suggests issuers are still trying to launch deals.

WE’RE HEARING competition in the correspondent channel is heating up and some banks are reaching out to mortgage brokers and asking them to join their “mini-correspondent” programs.

The agency prepares to sell MSRs left over from a 2009 failure.

They are offering warehouse lines as an antidote to the QM rule.

Martin Attea will replace a departing executive, and manage the consumer and mortgage verticals.

The deal will include $245 million of securities that Fitch Ratings plans to assign BBB- rankings.

Another big law like Dodd-Frank could be harmful to the mortgage market, but an incremental approach to housing finance reform might be the perfect solution.

Jumbo MBS started strong out of the gate this year, but the going has gotten tougher since then.