Secondary markets

Insight Wireless Group is marketing $177.5 million of securities backed by mortgages on cellular towers.

Lenders that sell loans to Fannie Mae and Freddie Mac will be responsible for determining their compliance with the qualified mortgage rule issued by the Consumer Financial Protection Bureau.

The best states for good health and building real estate wealth are Texas, North Dakota, South Dakota, Utah, North Carolina, California, Tennessee, Montana, Wyoming, Iowa and Arkansas.

JPMorgan and Assured reached an agreement resolving the claims this month, according to a filing with the Securities and Exchange Commission dated Aug. 9.

The Federal Deposit Insurance Corp. has scheduled a board of directors meeting next week to act on the proposal, which is also known as the qualified mortgage rule.

Treasury losses are being matched this month by declines in mortgage-backed securities as the Federal Reserve prepares to reduce purchases of both securities as soon as September.

According to one economist, housing inventories are low and credit standards are tight and that is not going to change anytime soon.

The Mortgage Bankers Association reported a 4.6% decline in mortgage application volume on a seasonally adjusted basis for the week ended Aug. 16.

Mortgage insurer MGIC Investment Corp.’s percentage gain was the largest at the close of the standard trading day when it was up 5.46% at $7.15 per share.

Kroll Bond Ratings Agency said in a report to expect more of the aggressive growth the market has seen since the liquidity crisis.

Matt Woolley, vice president of sales at LoanLogics, said lenders selling their loans are getting away from a “ship and hope” mentality, leading to better business relationships with investors and ultimately better prices.

Credit unions have grown increasing dependent on Fannie Mae and Freddie Mac over the past five years as a source of liquidity and access to the secondary market.

Gains in the two desert cities Las Vegas and Phoenix are the biggest since the height of the real estate boom, just before their plunge to the bottom of the national housing collapse.

Nearly all the individual real estate investment trusts investing in agency single-family mortgage-backed securities suffered quarter-to-quarter losses in book value due to market volatility.

Waterstone Mortgage Corp., Pewaukee, Wis., has been approved by Ginnie Mae as a mortgage-backed securities issuer.

Fannie Mae is putting another Benchmark Notes offering in the pipeline, a new issue five-year deal due Sept. 18, 2018.

NAFCU’s Economic & CU Monitor shows Fannie Mae and Freddie Mac play an outsized role in the credit union industry’s mortgage products.

NorthStar Realty Finance Corp. has priced its first collateralized debt obligation backed by commercial real estate of 2013.

Standard & Poor’s finds there could be negative implications for municipal housing bonds with Washington considering as part of tax reform the elimination or reduction of mortgage interest, property taxes and municipal bond interest.

The transaction was completed for $50 million in cash and is expected to close in the next few weeks.