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<title> SecondMarket</title>
<link>http://www.secondmarket.com</link>
<description>With 3,000 members managing over $1 trillion in investable assets, SecondMarket brings together buyers and sellers in the largest marketplace for illiquid assets. SecondMarket's members include global financial institutions, hedge funds, private equity firms, mutual funds, and other institutional and accredited investors.</description>
<language>en-us</language>
<pubDate>Fri, 03 Sep 2010 14:32:47 -0500</pubDate>
<lastBuildDate>Fri, 03 Sep 2010 14:32:47 -0500</lastBuildDate>
<copyright>Copyright 2010, SecondMarket</copyright>
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<title><![CDATA[Regulator Issues Rules On Purchases Of Mortgages]]></title>
<link>http://www.secondmarket.com/articles/regulator-issues-rules-on-purchases-of-mortgages.html</link>
<pubDate>Fri, 03 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Fannie Mae and Freddie Mac issued final rules that will bar the mortgage-finance giants from purchasing mortgage-backed securities to meet affordable-housing goals
    The revamp proposed  by the FHFA aims to give the companies greater flexibility in satisfying government mandates to serve low-income homeowners without taking on additional risks
    Additionally, the FHA said that the companies can no longer receive affordable-housing credit by purchasing securities backed by commercial...]]></description>
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<title><![CDATA[NCUA: Private Label MBS Concentrations Killed WesCorp]]></title>
<link>http://www.secondmarket.com/articles/ncua-private-label-mbs-concentrations-killed-wescorp.html</link>
<pubDate>Thu, 02 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Increasing concentrations of non-agency MBS drove Western Corporate FCU to failure, NCUA said in its amended complaint against former directors and officers Tuesday in U.S. District Court
    In 2002, Wes Corp&rsquo;s investment concentration policy restricted private label MBS to 950% of capital &ndash; that limit was raised to 1700% of capital in 2003 and 2150% of capital in 2005, reaching a high of 2300% in December 2007, the agency detailed
    NCUA seeks more than $1 billion in...]]></description>
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<title><![CDATA[Mortgage Picture Brightens, for Now]]></title>
<link>http://www.secondmarket.com/articles/mortgage-picture-brightens-for-now.html</link>
<pubDate>Thu, 02 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    The number of newly distressed borrowers increased, raising the prospect that foreclosures and delinquencies could resume their rise.
    14.4% of borrowers had missed at least one payment or were in foreclosure at the end of June
    While the mortgage crisis was driven at first by adjustable-rate mortgages that reset to higher payments, the majority of deteriorating loans are now being driven by unemployment.
    This month the administration announced a new round of $3 billion in...]]></description>
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<title><![CDATA[30-Year Fixed Mortgage at 4.36%]]></title>
<link>http://www.secondmarket.com/articles/30year-fixed-mortgage-at-436.html</link>
<pubDate>Thu, 02 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    The prolonged rally in the treasury market has prompted lower yields on debt
    The 30-year fixed-rate mortgage averaged 4.36% for the week ended Thursday
    It sits at its lowest point since Freddie began tracking it in 1971 and has set or remained at record-low levels for 10 straight weeks
    &nbsp;
]]></description>
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<title><![CDATA[Home Foreclosures Fall, but Mortgage Delinquencies Rise]]></title>
<link>http://www.secondmarket.com/articles/home-foreclosures-fall-but-mortgage-delinquencies-rise.html</link>
<pubDate>Fri, 27 Aug 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Subprime loans may now be a problem of the past as many have worked their way out the system &ndash; the critical area now is prime loans, where defaults are driven by stubbornly high unemployment
    Loans that are at least 90 days past due, the largest and most troubled group, fell to 9.11 percent from 9.54 percent in the first quarter, according to the Mortgage Bankers Association
]]></description>
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<title><![CDATA[CMBS Revival Might Be Short-Lived in the Wake of Reform Bill]]></title>
<link>http://www.secondmarket.com/articles/cmbs-revival-might-be-shortlived-in-the-wake-of-reform-bill.html</link>
<pubDate>Thu, 22 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    U.S. financial regulators must now consider dozens of new studies and hundreds of new rules required to implement the wide-reaching new law,  such as a 90-day study from the Federal Reserve on the combined impact of new regulatory and accounting reforms on the market
    According to a Wall Street Journal report published, rating agencies are looking to scale back ratings on structured finance transactions until they get more clarity on what their legal exposures could be
]]></description>
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<title><![CDATA[CMBS Market Rises From Ashes of Collapse]]></title>
<link>http://www.secondmarket.com/articles/cmbs-market-rises-from-ashes-of-collapse.html</link>
<pubDate>Wed, 21 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Banks including J.P. Morgan Chase, Goldman Sachs and Citigroup are expected to launch in the coming weeks two offerings of commercial mortgage-backed securities , totaling over $1.4 billion, according to people familiar with the matter
    J.P. Morgan Chase is leading a $650 million offering backed by properties owned by real estate investment  trust Vornado Realty Trust, while Goldman and Citigroup are leading a $750 million CMBS issue which includes a $100 million loan that Citigroup is...]]></description>
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<title><![CDATA[AIG Said to Weigh Giving Stake in Mortgage Bonds to Repay U.S.]]></title>
<link>http://www.secondmarket.com/articles/aig-said-to-weigh-giving-stake-in-mortgage-bonds-to-repay-us.html</link>
<pubDate>Wed, 14 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    AIG is considering repaying part of its U.S. bailout by handing over stakes in the mortgage-linked bonds that pushed the firm to the brink of collapse
    The assets are contained in Maiden Lane II and Maiden Lane III, entities created in 2008 as part of the U.S. effort to remove toxic securities from AIG
    Their proposal reflects the firm&rsquo;s confidence in the rebound in value of these holdings, said representatives, who declined to be identified because the plan hasn&rsquo;t been...]]></description>
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<title><![CDATA[Do we Need a Second Stimulus?]]></title>
<link>http://www.secondmarket.com/articles/do-we-need-a-second-stimulus.html</link>
<pubDate>Wed, 07 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    An economist at Goldman Sachs believes that the U.S. may need a second stimulus but it could lead to another inflation-related asset bubble
    Goldman also believes another stimulus may lead to a dangerous level of debt and in addition do not advocate the renewed purchase of mortgage-backed securities
]]></description>
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<title><![CDATA[Banks Edge Cautiously Back Into Commercial Mortgage-Backed Bonds]]></title>
<link>http://www.secondmarket.com/articles/banks-edge-cautiously-back-into-commercial-mortgagebacked-bonds.html</link>
<pubDate>Wed, 30 Jun 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Attracted by more conservative underwriting and the perceived bottoming-out of property values, banks like J.P Morgan Chase and the Royal Bank of Scotland are returning to the commercial mortgage-backed securities market
    Some lenders also praised the government&rsquo;s TALF program, which helped propel the securities markets by providing equity and debt capital to lenders
    Both J.P Morgan Chase and the Royal Bank of Scotland have originated deals this year in the amounts of $716...]]></description>
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