Secondary markets

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.

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