Secondary markets

The Federal Deposit Insurance Corp. plans to sell $221.1 million of securities backed by residential mortgages held by failed banks.

Freddie Mac and its regulator must do more to ensure loan servicers properly respond to complaints over handling of mortgages held or guaranteed by the U.S.-owned company, according to a government watchdog’s audit report.

The third party originations channels will “grow exponentially” over the next few years, and First Guaranty Mortgage Corp. wants to be ready for that, the company’s top executive said.

Federal Housing Administration may not be able meet increasing demand for multifamily and health care facility loans this summer when the agency is expected to run out of loan commitment authority.

Both Fannie Mae and Freddie Mac closed at $1.08 per share on Wednesday, continuing a spectacular run-up in recent days.

The purchases will remain divided between $40 billion a month of mortgage-backed securities and $45 billion a month of Treasury securities.

JPMorgan is returning to the private label residential mortgage-backed securities market and EverBank has entered it, according to presale reports from Fitch.

A client was told that his loan could not be sold on the secondary market to Fannie Mae or Freddie Mac.

Fannie is holding $61.5 billion in deferred tax assets in a valuation allowance account and Freddie is holding $31.7 billion in DTAs in a valuation allowance.

Government-owned Freddie Mac accuses the banks of acting collectively to hold down the U.S. dollar Libor to "hide their institutions' financial problems and boost their profits."

Deutsche Bank and Bank of America Merrill Lynch will issue $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City.

The Refinance Index decreased 8% from the previous week, while the seasonally adjusted Purchase Index decreased 4%.

Community banks have a problem with the Bipartisan Housing Commission’s plan for restructuring the secondary mortgage market.

John Schaefer, a 30-year veteran of the financial services industry, is joining Annaly Capital Management’s board.

Collateralized mortgage obligation issuance so far this year has been stronger than last, but volume levels are still shy of what it was in 2011.

We're hearing that some in the mortgage industry are finding recent legal developments are further complicating and even potentially changing business decisions involving sales of nonperforming loans from the private-label residential mortgage-backed securities market.

Gramercy Capital Corp. is exiting the commercial real estate finance business, and effective April 15 will change its name to Gramercy Property Trust Inc. to reflect its focus going forward.

Morningstar released a presale report on another Goldman Sachs single-asset commercial mortgage-backed securities deal.

Two Harbors Investment Corp. has priced a public offering of 50 million shares of its common stock at an offering price of $13.46 per share.

Fannie Mae and Freddie Mac’s stock has gotten a lot of support from the news of Rep. Melvin Watt’s possible nomination.