Secondary

Recent rate volatility created some challenges in pricing Fannie Mae’s recent $1.02 billion DUS REMIC last week but investor demand remained stronger for shorter maturities and support bonds.

A proposal by Mortgage Resolution Partners, known for some controversial past plans that involved addressing underwater loan concerns with eminent domain, is slated to be considered by the North Las Vegas City Council this week.

Although post-crisis commercial mortgage-backed securities performance is pretty good so far, the trend toward minimal interest shortfalls returning to the sector is troublesome, according to Fitch.

Most attendees at the Mortgage Bankers Association's recent national secondary market conference think loan quality is pretty good right now, but some think underwriting is too tight.

The zigzag pattern of the stock market continued on Friday as 15 of 17 Mortgage Industry Equity Composite stocks closed lower.

There are three items contributing to the recent book value decline in mortgage real estate investment trust stocks: Prepay protection premiums evaporation; duration and duration extension risk; and mortgage basis risk.

Despite a respite from fresh waves of sweeping residential mortgage-backed securities downgrades due to better home prices, due to the still-high delinquency pipeline the risk of a ripple effect from some previous downgrades already in progress remains.

Morgan Stanley and Bank of America Merrill Lynch are marketing $1.5 billion of commercial mortgage-backed securities.

On the Mortgage Grapevine, poster Accptmort is looking for a commercial correspondent purchaser in Wisconsin who accepts loans or referrals from mortgage brokers.

DBRS found in a commercial mortgage-backed securities investor survey that the majority of respondents expect their holdings to increase over the next 12 months despite some concerns about loosening underwriting standards in the sector.