Secondary markets

Former banker John Delaney may just be a freshman congressman in the House of Representatives, but his industry experience could make him an important commodity as key financial services bills come up for vigorous debate.

Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties.

The board of publicly registered real estate investment trust MVP REIT Inc. has approved an increase in its monthly distribution rate on its common shares.

The National Association of Mortgage Brokers' NAMB National conference in Las Vegas was the best attended the organization had in years. During the show, Origination News met with the group's board and discussed NAMB's repositioning, new regulations and the future of wholesale.

Louis Borsellino, newly-installed president of the New York Association of Mortgage Brokers, lays out his plans for the coming year.

Markit released series 6 of CMBX, the synthetic indices based on a static portfolio of U.S. commercial mortgage-backed securities.

First American Financial Corp. has priced a $250 million debt offering which is scheduled to close on Jan. 29.

Redwood Trust sold $619.2 million of home-loan securities in its second deal this month.

The Federal Reserve purchased $14.1 billion of agency mortgage-backed securities over the past week.

Most mortgage officials feared Jan. 21, 2013 much more than the abortive Doomsday that was supposed to have happened a month earlier.

Updates from the Consumer Financial Protection Board and the Department of Housing and Urban Development.

Secondary market platform Tradeweb released numbers showing to-be-announced mortgage-backed securities trading reached a record high of $24 trillion in 2012.

San Bernardino County has rejected a controversial plan to use eminent domain for the seizure of underwater mortgages.

Residential Capital agreed to pay $297.6 million to end opposition by government-run loan investor Fannie Mae to the sale of ResCap’s main business.

There were two events in the weeks leading up to the New York Association of Mortgage Brokers annual convention which would have an impact on attendees and their immediate future.

The author sees elements of mutual fund sales in the commercial originations business.

The Federal Home Loan Bank System has a new $3 billion, two-year global note in the works that it has plans to price Thursday.

The New York Association of Mortgage Brokers annual convention was delayed by Hurricane Sandy and that was a big topic of conversation at the show. One of the presenters at the Melville gathering was a representative of the Small Business Administration. Sandy was a topic during Origination News' roundtable with NYAMB's board.

Egan-Jones Ratings was barred from grading government debt and asset-backed securities for 18 months after settling charges it made material misstatements to the Securities and Exchange Commission.

A Fitch presale report on the second Sequoia/Redwood Trust deal of 2013 is out.