Secondary

The issuer was a governmental agency who was authorized to issue bonds on behalf of a public benefit corporation for the purpose of providing low-income housing.

The downgrade to speculative grade reflects the city’s fiscal distress, which is evidenced by the second consecutive year with a resolution declaring a state of emergency.

Redwood Trust has issued another jumbo residential mortgage-backed securitization through Sequoia Trust that brings its total of deals done so far this year to nine.

Americans are finding it pays to go big when borrowing to buy a home.

The issuance of nonagency residential mortgage-backed securities so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

The average rate for a 30-year fixed-rate mortgage during the week ending July 3 dropped back to 4.29% in Freddie Mac’s holiday-shortened weekly survey.

Overall application volume decreased by 11% from the prior week on a seasonally adjusted basis for the week ended June 28.

Nationstar’s revised loss reporting related to principal forbearance loan modifications will have what Fitch calls “marginal rating implications” on some residential mortgage-backed securities that already have very low ratings.

Its demise put Rhode Island on the hook for a $75 million loan guarantee.

We're hearing that the days of 30-year fixed mortgage rates below 4% may be over.