Secondary

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

Ginnie Mae MBS issuance fell 7% from December to $38.3 billion in January.

Commercial real estate investment veteran Louis Rogers has launched a new venture, Capital Square Realty Advisors.

Newcastle Investment Corp. has completed the sale of 23 million shares of its common stock under its existing shelf registration, generating about $241 million in proceeds with which it is likely to engage in more real estate-related investment.

Institutional Mortgage Capital has completed a privately placed Canadian commercial mortgage-backed securities deal it said shows increasing buyer interest in the asset class.

Federal Reserve Bank of Cleveland president Sandra Pianalto said the gains from the Fed’s $85 billion in monthly bond purchase may fade.

New York City Mayor Michael Bloomberg ran the gamut from major development projects to hardening the city from storm damage to calls for a styrofoam ban in his mostly ceremonial 12th and final state of the city address.

Despite a huge portfolio of seriously delinquent loans, it appears the Federal Housing Administration might be able to keep its head above water this year without seeking a draw from the U.S. Treasury.

The downgrades are due primarily to higher expected realized and anticipated losses from specially serviced and troubled loans.

The registration statement relating to the sale of common stock of Charter Financial has been declared effective by the Securities and Exchange Commission.