Secondary

Freddie Mac has announced its last new offering of multifamily structured pass through “K” certificates for the year, a $1.1 billion deal set to price this week.

However, the American Bankers Association, Consumer Mortgage Coalition, Independent Community Bankers of America, Mortgage Bankers Association and the Housing Policy Council of the Financial Services Roundtable have “several concerns” about Phase 2 of the MBS proposal.

The new Redwood Trust notes offer investors a yield of 5.6% and mature in six years.

Late last week Credit Suisse came to market with a $330 million jumbo deal, which contains a wrinkle on representation and warranty clauses.

The House of Representatives passed an immigration bill that uses Fannie Mae and Freddie Mac loan guarantee fees to pay for the new visa program.

More jumbo MBS deals may be on the way.

Fannie Mae reported forward commitments—a barometer of future activity—of $96.7 billion, the highest reading in over three years.

Prospect Mortgage has been hiring some heavy hitters of late, causing tongues to wag.

One of the most important government actions affecting the farmland bubble goes back to before it was inflated.

Lawsuits by the Federal Housing Finance Agency that charge Bank of America, Citigroup, HSBC and Credit Suisse with wrongdoing in the sale of securities backed by residential mortgages may advance.