Secondary markets

However, the American Bankers Association, Consumer Mortgage Coalition, Independent Community Bankers of America, Mortgage Bankers Association and the Housing Policy Council of the Financial Services Roundtable have “several concerns” about Phase 2 of the MBS proposal.

The new Redwood Trust notes offer investors a yield of 5.6% and mature in six years.

Late last week Credit Suisse came to market with a $330 million jumbo deal, which contains a wrinkle on representation and warranty clauses.

The House of Representatives passed an immigration bill that uses Fannie Mae and Freddie Mac loan guarantee fees to pay for the new visa program.

More jumbo MBS deals may be on the way.

Fannie Mae reported forward commitments—a barometer of future activity—of $96.7 billion, the highest reading in over three years.

Prospect Mortgage has been hiring some heavy hitters of late, causing tongues to wag.

One of the most important government actions affecting the farmland bubble goes back to before it was inflated.

Lawsuits by the Federal Housing Finance Agency that charge Bank of America, Citigroup, HSBC and Credit Suisse with wrongdoing in the sale of securities backed by residential mortgages may advance.

A handful of bulk residential servicing packages are in the market, and there is continued strong interest in the product from REITs and hedge funds.

A new Treasury blueprint on what to do with Fannie Mae and Freddie Mac appears to be on hold and may not see the light of day until secretary Tim Geithner leaves the agency sometime early next year.

Redwood Trust has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.

Congress is finally realizing that Fannie Mae and Freddie Mac are actually earning money.

It’s at least the second time in less than four months that the Securities and Exchange Commission has dropped an investigation into the marketing of mortgage-backed securities by a large U.S. bank.

One part of the commercial mortgage-backed securities market to watch closely for changing dynamics and hidden risk or opportunity is the retail sector.

Fannie Mae and Freddie Mac seller/servicers which have already been hit with two recent guarantee-fee increases should expect even more, according to the Federal Housing Finance Agency.

Platinum Home Mortgage will buy traditional conforming and government loans, and has hired Mike Azzarello as senior vice president and managing director to head the unit.

Veteran bond market executive and researcher Mark Adelson is joining BondFactor as its chief strategy officer.

The House Republican Steering Committee officially endorsed Rep. Jeb Hensarling for chair of the House Financial Services Committee.

The Federal Home Loan Bank of Chicago that launched the Mortgage Partnership Finance initiative 15 years ago has been recruiting other FHLBs to sign up for the secondary market program.