Secondary

El Paso can go ahead with plans to issue $50 million of revenue bonds for a downtown baseball stadium after a favorable ruling in a bond validation lawsuit.

Repeat modifications in securitized product are growing even though the overall modification rate through 2012 was much lower.

Record mortgage profits that drove earnings at Wells Fargo and JPMorgan Chase are fading as increased competition keeps the rates banks are offering on new loans near all-time lows.

Despite early industry efforts to establish recommended industry standards for private-label residential mortgage-backed securities representations and warranties, some issuers are trying to diversify their approaches.

Federal Reserve meeting minutes showed policy makers continued to debate when to start trimming debt purchases.

Mutual First Financial saw its mortgage volumes grow in 2012, a period during which it generated relative year-to-year gains in earnings.

Canadian existing-home sales rose for the first time in four months in January on gains in Toronto and Vancouver.

Treasury 10-year note yields traded close to the highest in 10 months on speculation Federal Reserve minutes may provide details on when the central bank plans to start trimming debt purchases.

A bipartisan panel is preparing to release a proposal for scaling back the government role in mortgage finance that would put taxpayer dollars at risk primarily under catastrophic circumstances.

Redwood Trust is validating expectations that it would keep the private-label market of residential mortgage-backed securities alive this year.