Secondary markets

Analysts at Keefe, Bruyette & Woods believe fears about a Federal Reserve Board exit from its mortgage-backed securities holdings in the near future are overdone.

With regulatory reform, the secondary mortgage market as well as the primary one will have heightened liability when it comes to loans.

Gary Kain built American Capital Agency Corp. into the fastest-growing real estate investment trust as the Federal Reserve pushed borrowing costs to record lows.

Redwood Trust sold $424 million of bonds tied to new U.S. home loans without government backing at wider relative yields as issuance soars this year.

Most stocks in this publication’s Mortgage Industry Equity Composite lost some value during the day, with five exceptions.

Deutsche Bank AG and Nomura Holdings Inc. are urging caution as investors gorge on junk-rated commercial-mortgage bonds.

Richard Fisher, president of the Federal Reserve Bank of Dallas, urged the central bank to slow purchases of mortgage-backed securities to avoid disrupting the market.

William Lyon Homes, a builder that emerged from bankruptcy last year, fell in New York trading after raising $217.5 million in a public stock offering.

The Mortgage Bankers Association will be rolling out other risk-sharing structures over the next few weeks.

The majority of the stocks in this publication’s Mortgage Industry Equity Composite were up at the close of the business day Wednesday.

Ryland Group sold $250 million of debt in the third U.S. convertible note offering from a homebuilder this year.

Fitch Ratings has finalized its loan-level model for estimating losses on prime Canadian mortgage pools.

The mortgage purchase programs developed by the Federal Home Loan Banks have performed better than the loans Fannie Mae and Freddie Mac purchased during the housing boom.

Private mortgage insurers MGIC Investment Corp. and Radian Group Inc. continued their bullish run.

We're hearing some institutional investors like a home equity sharing product that serves as a partial downpayment for consumers in return for a share of the home’s appreciation over time.

One company has assigned its highest expected investment grade rating to three classes of a single-asset commercial mortgage-backed securitization.

Effective immediately, Freddie Mac servicers can offer delinquent borrowers a streamlined loan modification that can provide payment relief more quickly and with less paperwork than a standard modification.

Fitch has released a presale report on GS Securities Trust 2013-GCJ12, a commercial mortgage-backed securities deal secured by interests in a loan pool almost $1.2 billion in size.

WCS Lending, Boca Raton, Fla., has revamped its wholesale lending channel, moving the majority of the staff to new offices in Concord, Calif., with updated policies, procedures and products in place.

Reflecting on the industry forecast offered by Mortgage Bankers Association economists Jay Brinkmann and Michael Fratantoni, three different images are coming to mind.