Capital markets

The Oct. 31 rejection of North Carolina Democrat Mel Watt’s nomination to head the Federal Housing Finance Agency led to the move.

The agency's 2014 budget will rise to $268 million, as the mortgage-backed securities settlement and a better economy have improved the National Credit Union Administration's finances.

The bank struck an agreement this week to settle potential state and federal civil claims of misrepresentations in mortgage-bond sales by the lender and companies it acquired.

The new deal adds to evidence suggesting that private label residential mortgage-backed securities issuance is making a comeback after hitting a speed bump earlier this year.

Tim Howard, dismissed with former CEO Franklin Raines in late 2004, claims in a new book, "The Mortgage Wars," that the GSE was quite healthy—but was the victim of vicious attacks by a banking lobbyist group and regulators.

Almost 500 properties across various industry sectors back the net lease commercial mortgage-backed securities deal.

Mortgage Industry Equity Composite stock performance ranged from a gain of more than 1% on the day to a loss of more than 1%.

Retail loans dominate one deal. A mix of property types back the other one.

Individual deal exposures are minimal, for the most part. The area the tornado hit contained about 100 properties, according to Standard & Poor’s.

Buyers are purchasing properties “sight unseen” in New York and demand is strong on the coasts, Texas and in suburban Detroit.

Officials generally expect ongoing improvement in the labor market that would warrant trimming the Federal Reserve’s mortgage-backed security and Treasury bond buying.

Moves by Wall Street dealers and data providers encouraged by the agency have helped address concerns that lower volumes would make trading more difficult.

We’re hearing private label mortgage-backed securities investors still face challenges to when it comes to amassing the consensus needed to have optimal access to information and leverage in litigation.

The Certified Community Stabilization Expert program teaches real estate agents about the best REO sales and home preservation lessons from the housing crisis.

The settlement with Bank of America Corp. gave bond investors more than twice what they would have recovered through litigation, an attorney for Bank of New York Mellon Corp. says.

Lenders are mostly relieved that regulators broadened an exemption for mortgage securitizers to avoid a 5% risk retention requirement, but some are focusing on the plan’s potential impact on securities backed by leveraged commercial loans.

The actions of the Consumer Financial Protection Bureau will determine how successful the market will be, a panel discussion at the Mortgage Bankers Association convention says.

Issuance forecasts ranged between $65 billion to $115 billion in an investor survey.

Trading volume in both companies remains well above normal levels as investors sold off their holdings on Monday.