Secondary

Relative yields on U.S. government-backed mortgage bonds are at about the lowest in almost five months as the Federal Reserve chairman proves more important to the market than Tea Party politicians.

We're hearing that although we just got done with a round of Home Equity Conversion Mortgage reform, there is another one coming from a recent decision in a case involving non-borrowing spouses’ rights.

Ginnie Mae is reassuring lenders that they can securitize government-backed loans so long as they have loan commitments issued by the Rural Housing Service or other guaranteeing agencies.

It was predictable that ABS East would be rife with criticism of the way eminent domain is being used by local governments to seize mortgages.

Mayer Brown said that Richard Todd and David O'Connor joined its banking and finance group in London as partners.

JPMorgan priced the top-rated portion of its JPMCC 2013-INN CMBS about 10 basis points wide to guidance.

Sears, the other major retail tenant in retail CMBS that remains under credit stress, is listed as a tenant in 197 loans compared to 254 loans for JCPenny.

The nation's four largest banks are holding $57 billion of seriously delinquent loans that they've been slow to move into foreclosure over concerns that the Federal Housing Administration will refuse to cover the losses and hit them with damages.

Madison Realty Capital has purchased seven loans from Capital One, totaling $24.5 million.

The government-sponsored enterprises are making significant progress toward creating a common securitization platform for the issuance of Fannie Mae and Freddie Mac MBS.