Secondary markets

All but four Mortgage Industry Equity Composite stocks were losers on Monday as the market reacted to uncertainty in Europe.

The initial exchange rate for each $1,000 aggregate principal amount of notes is 42.0893 shares of the company’s common stock.

Kroll Bond Rating Agency has assigned preliminary investment grade ratings to another single-borrower commercial mortgage-backed securities transaction.

The U.S. residential mortgage-backed securities sector continued to account for the majority of downgrades in Fitch’s 2012 global structured finance rating and impairment activity report.

Moody’s Investors Service slammed its rival ratings agencies for their recent assessment of a CMBS deal backed by a single, large loan.

Preferred and common stock of Fannie Mae and Freddie Mac soared after four senators proposed legislation related to the mortgage financiers that were placed into government conservatorships.

More than 20 companies are forming a securitization organization.

Most Mortgage Industry Equity Composite stocks had a good day of trading on Thursday.

Fannie Mae will miss a March 18 deadline for reporting its earnings for the fourth quarter of 2012 while it analyzes how to handle some deferred tax assets.

The American Securitization Forum, the trade group thrown into turmoil this month after most of its board quit in a dispute with its executive director, took its first public action since the defections.

UBS AG and Wells Fargo & Co. are marketing $218 million of bonds tied to commercial mortgages, some of which are in default.

While households still maintained their coveted tile of being the largest owner of tax-exempt securities, they decreased their direct ownership to $1.67 trillion in the final quarter of 2012.

The midsize New York mortgage lender and the West Coast bank created to house the IndyMac assets are worlds apart in many ways, but their rumored deal is strange enough to work, experts say.

Home Loan Servicing Solutions entities have completed an acquisition from Ocwen Financial and its affiliates and subsidiaries of rights to receive servicing fees

The bipartisan bill would prohibit Congress from raising GSE guarantee fees to offset other government spending.

Industry stocks in this publication’s Mortgage Industry Equity Composite experienced gains as high as 3.74% and took losses no greater than 1% during the trading day Wednesday.

Magnetar Capital raised the money in two separate Magnetar Mortgage Securities funds, which were started last year.

Mortgage Bankers Association CEO David Stevens warned lenders that they need to prepare for the high amount of refinance activity coming to an end soon.

Joshua Rosner, co-author of a book detailing Fannie Mae’s role in the housing crisis, said he sees parallels between the failed mortgage finance giant and the strategies JPMorgan Chase & Co. uses to win government and investor confidence.

There is a major problem first-time homebuyers are currently battling: giant student loan debt.