Secondary

A 2006 commercial mortgage-backed security deal collateralized by two very different properties in Hawaii and New York, respectively, has ended up affected by stressors that have increased its Fitch loss expectations and caused the rating agency to downgrade one investment grade class.

The lack of retail and office space in East and West Africa is constraining business growth in both areas across a continent that is rapidly becoming more urban.

Suzanne Hutchinson will retire at the end of the year from her post as executive vice president of the Mortgage Insurance Cos. of America.

Operation Twist, which involves sales or redemptions of shorter-term securities and investments in an equal amount of longer-term securities, was slated to end this month, but the Fed instead has chosen to continue it through yearend.

Redwood Trust soon will market another new jumbo MBS deal—this one, like the others—dominated by California mortgages which comprise just over 49% of the bond.

U.S. consumers owed $8.995 trillion on their residential loans at the end of March—the lowest debt figure recorded in almost five years.

PHH Mortgage said it will no longer accept new FHA Streamline refinancings from correspondent lenders unless it is already servicing the loan, according to a memo provided to National Mortgage News.

Commercial banks reported 25% growth on an annualized basis in their loan portfolios for the week ending June 6, led by a 75% annualized increase in single-family mortgages ($22 billion).

The Securities and Exchange Commission has appointed Thomas Butler as director of the agency's new office of credit ratings.

Structured finance investors would prefer to rely on fewer sources of pricing for tracking deals, according to 107 investors in the industry surveyed by Principia Partners.