Secondary markets

We're hearing that a rising tide of new construction doesn’t have lenders worrying about a bubble in apartment building values...yet.

Kroll Bond Rating Agency has assigned preliminary ratings to COMM 2013-LC13, a $1.1 billion commercial mortgage-backed securities conduit transaction collateralized by 57 fixed-rate loans secured by 97 properties.

Interactive Mortgage Advisors is offering a $102.9 million Fannie Mae bulk residential mortgage servicing rights portfolio for sale.

The Chicago Federal Home Loan Bank seems to be continually looking for ways to expand its mortgage conduit program so member banks, thrifts and credit unions will have broader access to the secondary market.

Fannie Mae and Freddie Mac are set to auction as much as $17 billion of mortgage bonds they acquired before the real estate collapse to meet a regulatory directive.

Presale reports are out on a $425 million sequential-pay commercial mortgage-backed securities deal backed by beneficial interests in a mortgage securing four Florida hotels.

The crisis “exposed a major fault-line” in terms of loan data integrity the two technology providers are coming together to try to bridge.

Fannie Mae has promoted Terence Edwards, the former president and CEO of PHH Corp., to executive vice president and chief operating officer.

Has it been five years already? It has been five years since the federal government nationalized the mortgage industry by taking over Fannie Mae and Freddie Mac.

Freddie Mac mortgage securities continue to underperform Fannie Mae MBS in terms of liquidity and pricing.

Commercial mortgage-backed securities late-pays in August fell 10 basis points to 6.68%, a milder decline than the record 40 basis point month-to-month drop experienced in July.

Shellpoint Partners' second sale of home-loan securities without government backing comes after the restructuring of its initial transaction.

U.S. Bancorp expects its mortgage revenue to drop 20% in the third quarter from the second period amid a decline in mortgage applications and mortgage production.

Kroll Bond Rating Agency has assigned preliminary ratings to six classes of mortgage pass-through certificates from another Shellpoint Asset Funding Trust deal.

The reform bill authored by Sens. Bob Corker and Mark Warner requires credit enhancers to put 10% capital behind every newly issued mortgage-backed security.

Five years ago this month, the Federal Housing Finance Agency, barely a month old, faced a crisis.

Realtors, homebuilders and small lenders are warning that a GSE reform bill approved by the House could curtail mortgage lending and harm the economy because it does not provide a federal government guarantee to protect MBS investors.

The Housing Policy Council supports the GSE reform proposal crafted by Sens. Bob Corker and Mark Warner, but it goes too far in requiring guarantors to take a 10% first-loss position on privately issued MBS.

The Texas state constitution must be amended for lenders to be able to offer the HECM for Purchase product, proponents said.

If implemented as-is, the latest risk retention proposals that U.S. regulators released Aug. 28 will lead to changes in deal structure and credit quality in commercial mortgage-backed securities.