Secondary

Matt Woolley, vice president of sales at LoanLogics, said lenders selling their loans are getting away from a “ship and hope” mentality, leading to better business relationships with investors and ultimately better prices.

Credit unions have grown increasing dependent on Fannie Mae and Freddie Mac over the past five years as a source of liquidity and access to the secondary market.

Gains in the two desert cities Las Vegas and Phoenix are the biggest since the height of the real estate boom, just before their plunge to the bottom of the national housing collapse.

Nearly all the individual real estate investment trusts investing in agency single-family mortgage-backed securities suffered quarter-to-quarter losses in book value due to market volatility.

Waterstone Mortgage Corp., Pewaukee, Wis., has been approved by Ginnie Mae as a mortgage-backed securities issuer.

Fannie Mae is putting another Benchmark Notes offering in the pipeline, a new issue five-year deal due Sept. 18, 2018.

NAFCU’s Economic & CU Monitor shows Fannie Mae and Freddie Mac play an outsized role in the credit union industry’s mortgage products.

NorthStar Realty Finance Corp. has priced its first collateralized debt obligation backed by commercial real estate of 2013.

Standard & Poor’s finds there could be negative implications for municipal housing bonds with Washington considering as part of tax reform the elimination or reduction of mortgage interest, property taxes and municipal bond interest.

The transaction was completed for $50 million in cash and is expected to close in the next few weeks.