Secondary markets

EverBank has a second jumbo securitization in the works backed by $303 million in 15- and 30-year loans.

Armour has lost 13% this year, including reinvested dividends, trailing all real estate investment trusts that buy mortgage bonds in a Bloomberg index of 33 companies.

This week the Federal Housing Finance Agency told a federal judge it had settled its case against Citigroup.

PacTrust Bank, which has been expanding its mortgage business in recent weeks to include warehouse lending and correspondent aggregation channels, has been approved to be a Ginnie Mae mortgage-backed securities issuer.

Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing $1.75 billion of securities, a judge ruled.

Fitch Ratings believes the recent home price gains recorded in several residential markets are outpacing improvements in fundamentals and could stall or possibly reverse.

Redwood Trust Wednesday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.

Allstate, the largest publicly traded U.S. home and auto insurer, sued Citigroup in State Supreme Court in Manhattan in 2011, along with banks including Deutsche Bank AG, Bank of America Corp. and Morgan Stanley.

Mortgage industry executives may be forgiven for thinking that housing bonds are starting to look like pass-through mortgage-backed securities. They are.

Prior to 2012 the scale of institutional involvement in acquiring single-family homes for the purpose of “rent and hold” was small to almost nonexistent. Things have certainly changed.

The offering is unusual because jumbo pools typically are not marketed nationally.

The estimated price of whole loans backing commercial mortgage-backed securities rose 60 basis points between the end of April and the end of March.

With house prices climbing at the fastest pace in seven years and investors swamping the rental market, one hedge fund manager says it no longer makes sense to be a buyer.

For the week ended May 24, overall application volume fell 8.8% from the prior week on a seasonally adjusted basis.

Kroll Bond Rating Agency has released a presale report on a $1.4 billion commercial mortgage-backed securities deal in which some large split loans are or will be shared with other securitizations.

LPS rises above the acquisition price and Fannie Mae closes above $4 per share.

Freddie Mac plans to offer $1.3 billion in structured pass-through multifamily “K” certificates backed by fixed-rate multifamily mortgages with seven-year terms.

Loan modifications have slowed notably and short sales have increasingly become to the go-to workout remedy for bank servicers handling workouts for nonagency U.S. residential mortgage-backed securities loans over the last several months.

A participant in past attempts to reform Fannie Mae’s lender-placed insurance practices has officially supported more recent proposals by its regulator.

American Realty Capital Properties, a real estate investment trust, has agreed to buy CapLease, which is also a REIT.