Secondary markets

FeatherStone Investment Group has begun underwriting and structuring its first rental income securitization.

Mortgage lenders are still nervous about put-back risk and unresolved regulatory issues, which is holding back the lending and the housing recovery.

Toll Brothers reported fiscal second-quarter earnings that beat analyst estimates as demand jumped and orders reached the highest level in seven years.

UBS AG was ordered to face a whistleblower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for telling supervisors he was being pressured to publish misleading reports.

Fannie Mae plans to sell $2 billion of commercial-mortgage bonds issued before the credit market seizure as it seeks to reduce holdings of illiquid assets.

An 11 basis point rise in rates for the 30-year conforming fixed-rate loan has resulted in a 9.8% decrease in mortgage application volume on a seasonally adjusted basis for the week ended May 17.

Fannie Mae priced its fifth multifamily REMIC of the year on Tuesday totaling $1.02 billion.

With that status, the company can originate for sale to Freddie Mac (and retain the servicing rights on) mortgages securing independent living, assisted living, memory care and rental continuing care properties.

Commercial real estate loan collateralized debt obligation delinquencies remained stable at 13.2% in Fitch Ratings’ latest monthly report.

The Federal Housing Finance Agency should require the government-sponsored enterprises to purchase loans with deeper levels of credit enhancement in exchange for bona fide reductions in guarantee fees and other loan level charges, the Mortgage Bankers Association says.

Financial services provider NewOak Capital has opened NewOak Credit Services LLC in Danbury, Conn.

MountainView Servicing Group is exclusively managing the sale of two servicing portfolios.

Minnesota would set aside revenue from a proposed cigarette tax increase and corporate tax changes as a backup, should gambling revenue continue to fall short of the amount needed to make payments on bonds for a new Minnesota Vikings football stadium.

Security National Financial Corp.’s residential mortgage business saw a near 30% increase in revenue in the first quarter on a year-over-year basis.

Hedge funds are piling into mortgage insurers in a bet that some of the companies worst hit by the U.S. housing crash will be among the biggest winners in the rebound.

The Securities Industry and Financial Markets Association has confirmed the appointment of Judd Gregg as CEO and also appointed Kenneth E. Bentsen Jr. as president of the association.

Chicago convention managers and Mayor Rahm Emanuel advanced plans for a new arena and makeover of Navy Pier, the city’s top tourist attraction.

Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.

The combination of government-sponsored enterprise platforms remains more a concept than a reality.

A large bid list of nonagency residential mortgage-backed securities in the market this week may have been the first move in a regulatory plan for Fannie Mae and Freddie Mac to divest some of its portfolio assets.