Secondary markets

A building containing Macy’s corporate headquarters secures the loan collateralizing the $450 million commercial mortgage-backed securitization.

While year-to-year volume is flat, thousands of mortgages have been made on Native homelands in recent years, compared to dozens twenty years ago.

Mortgage-related shares tracked by this publication suffered declines that ranged from almost negligible amounts far less than 1%, to a loss of roughly 4% in value on the day.

The rapid increase in originations may be the problem. New-issue commercial mortgage-backed securities could total $87 billion in 2013, up 81% from 2012's $48 billion.

The purchases in the fifth transaction this year created out of prime-jumbo U.S. home loans represent a switch from REITs’ typical strategy of acquiring just the highest-yielding slices in such deals.

Will American oligarchs reap billions in stock profits by investing in non-governmental housing agencies?

The product is available in 10 states on conforming, owner-occupied loans with a maximum $300,000 purchase price, a 5% downpayment and a minimum 750 Fair Isaac & Co. credit score.

Rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding commercial mortgage-backed securities, but Moody’s ratings could remain stable.

The individual performance of the mortgage-related companies ranged from an increase of more than 1% to a loss of more than 3% in value on the day.

Lenders need to boost their consumer education spending and watch out for “advertorial” content, according to the feds.

The pass-through deal consists of beneficial interests in a three-year loan, floating-rate loan that has two one-year extension options, according to Fitch. Five mall properties cross-collateralize the mortgage.

The Senate Banking Committee is making progress toward drafting legislation to overhaul the mortgage finance market, but one of the biggest unresolved issues is how much skin in the game private market participants must have in return for a government guarantee.

Commitments to buy new mortgages unexpectedly increased in October.

The individual performance of mortgage-related companies in this publication’s equity index ranged from a gain of about 2% to a loss of less than 1% in value on the day.

Regulatory pressure is expected to be as strong as ever next year when mortgage lenders and servicers will test new waters in compliance implementation, process improvements and business strategies. Market veterans find regulatory compliance risks are higher almost in every area of the business.

Yearend performance of securitized commercial mortgage loans is not yet showing significant improvement.

Refinancings comprise less than 60% of loan volume in October.

The individual performance of mortgage-related companies in this publication’s equity index ranged from a gain of about 5% to a loss of about 1% in value on the day.

Mel Watt, set to become director of the Federal Housing Finance Agency, is making both agency and non-agency MBS investors nervous.

The GSE regulator shies away from making changes with Congress poised to confirm a new Fannie, Freddie overseer.