Secondary markets

The issuer was a governmental agency who was authorized to issue bonds on behalf of a public benefit corporation for the purpose of providing low-income housing.

The downgrade to speculative grade reflects the city’s fiscal distress, which is evidenced by the second consecutive year with a resolution declaring a state of emergency.

Redwood Trust has issued another jumbo residential mortgage-backed securitization through Sequoia Trust that brings its total of deals done so far this year to nine.

Americans are finding it pays to go big when borrowing to buy a home.

The issuance of nonagency residential mortgage-backed securities so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

The average rate for a 30-year fixed-rate mortgage during the week ending July 3 dropped back to 4.29% in Freddie Mac’s holiday-shortened weekly survey.

Overall application volume decreased by 11% from the prior week on a seasonally adjusted basis for the week ended June 28.

Nationstar’s revised loss reporting related to principal forbearance loan modifications will have what Fitch calls “marginal rating implications” on some residential mortgage-backed securities that already have very low ratings.

Its demise put Rhode Island on the hook for a $75 million loan guarantee.

We're hearing that the days of 30-year fixed mortgage rates below 4% may be over.

Denmark is warning that the world’s biggest mortgage market per capita is again under threat from a proposal by the Basel Committee on Banking Supervision.

Stonegate Mortgage Corp. plans to conduct a registered initial public offering of its common stock.

Standard & Poor's Ratings Services said it raised its long-term issuer credit rating on District of Columbia Housing Finance Agency by one notch to A from A-minus.

The relatively weak financial strength of certain originators and sunset provisions on the backstop by the seller still demand additional protections.

U.S. home-loan bonds without government backing tumbled last month to leave several types of the debt trading at their lowest prices of the year.

The number of securitized U.S. commercial mortgage loans transferred into special servicing has dropped substantially at roughly 45% over the last year.

Fitch expects the data to be of interest as the agencies’ regulators have directed them to test nonagency risk-sharing transactions this year.

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

A credit union vice president joins those expecting the second half of 2013 to bring a slow but steady increase in mortgage rates.

Loan acquisitions by Fannie Mae edged up by nearly 1% from April to $78 billion in May.