secondary market

Welcome to the 'secondary market' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'secondary market'.

Latest blogosphere posts tagged “secondary market”

• Freddie Says More Treasury Funds Unnecessary After $5Bn Loss

  
  Housing Wire — Authority: 692
  Mortgage giant Freddie Mac (FRE: 1.23 0.00%) on late Friday posted a $5bn net loss in Q309 and $10.4bn net worth in Q309.Unlike sister government-sponsored enterprise (GSE) Fannie Mae (FNM: 1.04 0.00%), Freddie said it would not require additional Treasury Department funds through the senior preferred stock purchase ...
  1 day ago

• Monday Morning Cup of Coffee

  
  Housing Wire — Authority: 692
  A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues:The industry buzzed this weekend over news of continued heavy losses at the government-sponsored enterprises (GSEs).Mortgage giant Freddie Mac (FRE: 1.23 0.00%) posted a $5bn net loss in Q309 at $10.4bn net worth as of ...
  1 day ago

• RMBS Ratings Proposal Will Determine Insurers’ Capital Requirements

  
  Housing Wire — Authority: 692
  The National Association of Insurance Commissioners (NAIC) on Thursday approved a proposal to establish a new model for determining ratings of residential mortgage-backed securities (RMBS).The new model will establish ratings designations for approximately 18,000 RMBS owned by US insurers by the end of 2009. It will ...
  3 days ago

• Ginnie’s Single-Family Delinquency Rate Drops to 3.48%

  
  Housing Wire — Authority: 692
  The Government National Mortgage Association, Ginnie Mae, guaranteed more than $38.6bn in mortgage-backed securities (MBS) in October.In September, Ginnie reported that 3.48% of the single-family loans in its guaranteed securities were 90-plus days delinquent, down from 3.7% in August and 3.59% in December 2008.For ...
  3 days ago

• BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program

  
  Housing Wire — Authority: 692
  Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.04 -7.14%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a “marginal” effect on prepayments within Fannie residential mortgage-backed securities (RMBS), according to market ...
  3 days ago

• Fannie Asks Treasury for $15Bn, May Sell Housing Tax Credits

  
  Housing Wire — Authority: 692
  Financial fallout at mortgage giant Fannie Mae (FNM: 1.0399 -7.15%) continues to develop following the $19.8bn quarterly net loss, with the agency’s conservator confirming Fannie may sell as much as $2.6bn of low-income housing tax credits to investors and is requesting another $15bn in support from the US Treasury ...
  3 days ago

• Fed Buys Another $16Bn of Agency MBS

  
  Housing Wire — Authority: 692
  The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities (MBS) from housing finance agencies Freddie Mac (FRE: 1.20 -4.00%), Fannie Mae (FNM: 1.0399 -7.15%) and Ginnie Mae in the week ending November 4.The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie. For the first ...
  4 days ago

• PennyMac REIT Invests $69M in Private-Label RMBS

  
  Housing Wire — Authority: 692
  In its first two months of operation, PennyMac Mortgage Investment Trust (PMT: 17.88 -3.77%), a newly formed mortgage real estate investment trust (REIT), invested nearly $70m in private-label — or non-agency — mortgage-related securities.The REIT’s initial investments produced $816,000 of total revenues, offset ...
  4 days ago

• Fannie Mae Loses $19.8bn in Q309

  
  Housing Wire — Authority: 692
  Fannie Mae (FNM: 1.12 +2.75%) posted a net loss of $19.8bn, or $3.47 per share, in Q309, compared with a net loss of $15.2bn in Q209, according to a Securities and Exchange Commission (SEC) filing.The results were impacted primarily by $22bn in credit-related expenses, which substantially offset revenue of $5.9bn, ...
  4 days ago

• S&P Approves Opus CMC for Third-Party Due Diligence

  
  Housing Wire — Authority: 692
  Standard & Poor’s approved Opus Capital Markets Consultants (Opus CMC) as a third-party due diligence provider for residential mortgage-backed securities (RMBS) transactions.S&P’s approval of the third-party consultant firm is the latest step toward improved quality and transparency of MBS, Opus CMC ...
  4 days ago

• Ambac Posts $2.2Bn Profit on Mark-to-Market Gains

  
  Housing Wire — Authority: 692
  Bond insurer Ambac Financial Group (ABK: 1.20 -20.00%) posted net income of $2.2bn, or $7.58 per share, in Q309, compared with a net loss of $2.4bn in the year-ago quarter.Quarterly results were impacted by unrealized mark-to-market gains in the New York City-based financial services and insurance firm’s credit ...
  4 days ago

• BoE Injects Another $41Bn into UK Asset-Purchase Plan

  
  Housing Wire — Authority: 692
  The Bank of England (BoE) on Thursday voted to inject another £25bn (US$41.4bn) into its asset-purchase program, bringing the total size of the program to £200bn as financial conditions remain “fragile” both across Europe and internationally.The BoE monetary policy committee also decided to keep the official ...
  5 days ago

• Viewpoint: Like Us, Whitney Sees Risks in Fed’s MBS Exit

  
  Housing Wire — Authority: 692
  HousingWire readers have already been reminded on a number of occasions that the Federal Reserve dominates the agency/GSE MBS market (and has since the purchase plan was announced almost a year ago) and that banks and would-be mortgage borrowers are first in line to be whacked when the Fed exits the MBS market. So I ...
  5 days ago

• Downgrades ‘Unlikely’ for UK Notes, Despite Conflicts of Interest: Moody’s

  
  Housing Wire — Authority: 692
  Despite conflicts of interest presented when originators acquire structured finance notes through the central bank repo system present in the UK, the likelihood of rating actions on notes used as repo collateral remains low, according to Moody’s Investors Service.The London-based structured finance division of ...
  5 days ago

• Fed Won’t Purchase Full $200bn Agency Debt, FOMC Says

  
  Housing Wire — Authority: 692
  The Federal Reserve’s Federal Open Market Committee (FOMC) said it won’t purchase as much agency debt as it previously announced.The $175bn of agency debt purchases is less than the previously announced $200bn, but the FOMC said the amount “is consistent with the recent path of purchases and reflects the limited ...
  5 days ago

• Moody’s Raises Outlook on Australian REITs

  
  Housing Wire — Authority: 692
  Moody’s Investors Service improved its outlook for Australia’s real-estate investment trusts (A-REITs) from negative to stable, citing its belief that credit conditions for the sector will firm over the next 12-18 months.“There are clear signs that the business conditions for the A-REIT sector are stabilizing, ...
  5 days ago

• Healthcare REIT Postpones IPO

  
  Housing Wire — Authority: 692
  A Chicago-based asset management firm postponed its initial public offering (IPO) that would have made the health care facility firm a real estate investment trust (REIT).It’s a shift from recent trends that have seen a number of investment firms join the REIT ranks in the second half of 2009, looking to raise ...
  5 days ago

• Fannie Issuance Dips 4.6% in September

  
  Housing Wire — Authority: 692
  Fannie Mae’s (FNM: 1.10 -4.35%) book of business grew at an annualized rate of 5.2% in September to $3.24trn at the end of the month, according to its monthly summary.Even though Fannie’s issuance fell for the third straight month and the delinquency rate continued to climb, its total mortgage portfolio increased ...
  5 days ago

• S&P Makes High Ratings ‘More Difficult’ to Receive

  
  Housing Wire — Authority: 692
  Recent changes among ratings criteria at Standard & Poor’s represent “significant” repercussions for collateralized debt obligations (CDOs) and residential mortgage-backed securities (RMBS), according to the ratings agency.The changes will make high ratings on securities in sectors troubled by poor credit ...
  6 days ago

• Singapore REIT Defaults on $88m CMBS Loan

  
  Housing Wire — Authority: 692
  Saizen Real Estate Investment Trust (REIT) defaulted on a ¥8bn (US$88.5m) commercial mortgage-backed securitization (CMBS) loan this week, the Singapore-based firm’s manager announced.YK Shintoku, one of Saizen REIT’s nine tokumei kumiai (TK), or silent partnership operators, held the now-defaulted CMBS loan. ...
  6 days ago

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