Secondary

The asking prices on homes for sale have risen 9.5% on a year-over-year basis for May, according to the Trulia Price Monitor.

Yields on Fannie Mae and Freddie Mac mortgage bonds that guide U.S. home-loan rates approached a 14-month high as May employment data failed to allay concern that the Federal Reserve will pare back its unprecedented stimulus.

Although Fitch has been worried about loosening underwriting standards in the commercial mortgage-backed securities market, it finds that so far delinquencies for CMBS 2.0 “remain virtually nonexistent.”

The Chicago office towers One & Two Prudential Plaza have received a hope note modification made possible by a $75 million new equity investment.

Thirty-year conventional mortgage-backed securities prepayment speeds came in 3% faster in the latest month, including a surprising 6% increase in certain Fannie Mae Home Affordable Refinance Program coupons and vintages.

Interactive Mortgage Advisors is exclusively brokering on behalf of an unnamed bank another bulk residential mortgage servicing rights offering in conjunction with which the seller would like to establish a flow relationship.

Details of a bipartisan plan to reform Fannie Mae and Freddie Mac are beginning to emerge.

Nationstar Mortgage Holdings has priced $1 billion in fixed-rate asset-backed term notes whose proceeds will be used to finance certain servicing assets.

Richard Dorfman, the head of the Securities Industry and Financial Markets Association’s securitization group, is leaving the organization.

Legislators working on bills to wind down Fannie Mae and Freddie Mac and reform the housing finance system need to ensure that small lenders don’t lose their access to the secondary market, according to the Mortgage Bankers Association.