Secondary

Sen. Bob Corker, a co-author of legislation to overhaul the mortgage finance market, forcefully defended his proposal that private capital take at least 10% of the first loss on mortgage-backed securities.

Third-quarter earnings from builder Lennar Corp. show its mortgage-related operations were down compared to the same period last year, but its overall net earnings were up.

The company said its trading suspension order will remain in effect for the ten-business-day period ending Oct. 1 with shares eligible to resume trading on Oct. 2.

Fitch Ratings has assigned Bellwether Enterprise Real Estate Capital a commercial mortgage-backed securities primary servicer rating of CPS3+.

MFA Financial Inc. appointed William Gorin as chief executive officer of the company, effective Jan. 1, 2014.

A pickup in issuance of commercial mortgage-backed securities has yet to affect pricing, according to analysts at JPMorgan.

Richmond’s plan to keep homeowners out of foreclosure by seizing underwater mortgages through eminent domain is a credit negative.

The restitution may make the credit unions whole as separate settlements with their insurer, CUMIS Insurance Society, and Fannie Mae preceded it.

Issuers in the reviving market for U.S. mortgage securities are creating debt with features not seen since before the financial crisis that can increase risks for certain investors.

Interactive Mortgage Advisors is offering to qualifying buyers on behalf of an unnamed seller another package of mortgage servicing rights.