The Federal Reserve Board on Wednesday neared the halfway mark of unwinding its unprecedented bond buying program, reducing its purchases to $45 billion.

The clean payment behavior of borrowers has led to "paltry" delinquency rate in the Fannie Mae and Freddie Mac securitizations.

Property data company CoreLogic has hired Michael Ceppetelli as a senior vice president.

Lone Star Funds plans to issue $281 million of commercial mortgage bonds backed by 211 mortgage loans secured by mostly multifamily properties, according to a presale report published by DBRS.

Three commercial mortgage securitizations totaling $3.5 billion priced this week, ending a lull in issuance that began at the end of March.

S&P has rated $260 million of class A notes offered under the capital structure ‘A+.’ The $17.5 million class B notes are rated ‘BBB’. The LTV on all the series is 70%.

Freddie Mac is marketing $1.2 billion of structured pass-through certificates that are backed by fixed-rate multifamily mortgages with a seven-year term.

Residential mortgage bonds backed by qualified mortgages, as well as non-qualified mortgages, are no doubt on the drawing board if not in the works, as issuers run out of earlier loans to securitize; however experts diverge on the composition of the first deals.

The $780 million deal, Ford Credit Owner Trust 2014-REV1, will be placed with qualified institutional investors via the Rule 144A market.

The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin.

Bayview Asset Management plans to issue $185 million of bonds secured by a pool of non-conforming residential mortgage loans, according to a Standard & Poor’s presale report.

The triple-A rated notes issued from the sponsor's Discover Card Execution Note Trust are being talked in the swaps plus 25 basis point area.