Secondary

Mortgage purchases by Freddie Mac fell nearly 13% in July compared to June but the share of refinancings remained steady at 69%.

There are concerns the majority approach could eventually lead to the return of risky piggy-back and no downpayment lending that was prevalent before the subprime meltdown.

Fitch Ratings expects new nonresidential construction activity will remain positive for the remainder of this year and heading into 2014.

Federal regulators have agreed to exempt all single-family loans that meet the underwriting standards of the qualified mortgage rule from the 5% risk retention requirements mandated by a newly proposed qualified mortgage rule.

The Federal Home Loan Bank of Topeka has dropped its activity-based stock purchase requirement when members sell their mortgages to the FHLB.

The New York City Housing Development Corp. intends to sell $655 million of capital fund grant program revenue bonds in two series on Wednesday.

Texas A&M University System is preparing to issue $353 million of taxable and tax-exempt revenue bonds for the most costly college stadium renovation in the nation.

Standard & Poor’s probably will demand greater protections for investors when mortgage bonds are backed by loans to homeowners in jurisdictions that use eminent domain to seize debt to help borrowers.

More than half of mortgage stocks traded at minor discounts not higher than 1.5% on Monday.