Secondary

PHH Corp. Tuesday commenced a tender offer to purchase for cash up to $300 million aggregate principal amount of its $450 million outstanding amount of 9.25% senior notes due 2016.

First Financial Network Inc. is offering two loan portfolios from two unnamed sellers.

The Obama administration will be calling on Congress to pass legislation that will allow Fannie Mae and Freddie Mac to refinance underwater loans in private label securities.

There are questions about how the government-sponsored enterprises’ risk sharing bonds may be treated under Basel III international accounting standards that could affect bank investors’ appetite for them.

LenderLive Network has been approved by Ginnie Mae as an issuer of the agency’s mortgage-backed securities.

HSBC Holdings said possible damages from a lawsuit filed by a U.S. regulator over improperly sold mortgage-backed securities could cost the bank as much as $1.6 billion.

A loan scenario posted on the Mortgage Grapevine is looking for a rate and term refinance.

Ambac Assurance’s segregated account won court approval to make cash payments of more than of 25% of on certain policies.

Freddie Mac said that its 50th offering of multifamily mortgage-backed structured pass-through certificates since it began the program in 2009 is in the pipeline.

The National Cooperative Bank has purchased a $7.25 million loan participation in a $12.25 million loan facility with Alaska USA FCU.