Secondary markets

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.

Parkway Properties says 7000 Central Park is a Class A office tower that is expected to generate initial full-year cash net operating income yield of approximately 5%.

The JPM settlement’s payout ratio compared to losses is less than 7%. The Countrywide settlement offered bond investors a payout ratio of almost 11% of losses, according to Barclays.

Lenders facing volume declines are selling mortgage servicing rights to bolster their revenue.

Standard & Poor’s, a unit of New York-based McGraw Hill Financial Inc., had argued that its ratings are opinions are protected by the First Amendment of the U.S. Constitution.

The accord still needs approval from trustees overseeing the securities and may be subject to court review.

The San Francisco bank will be joining the MPF Xtra program next year.

The November timing for the deal is good because spreads on new issues have come in over the last 60 days.

Purchasing homes from Zillow has been fueled by huge resets in home prices since market peak, historically low mortgage rates and an improving economy.

Going back to a “mutual” model and selling off risky bonds could help cue underwriters about how to evaluate risk.

The firm is the first large institutional investor to buy a stake in the company. Founding management and original investors still control a majority share.