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  • Lawmakers need to be mindful of the importance of the more than $3 trillion to-be-announced agency mortgage market to housing finance, Thomas Hamilton, managing director and head of securitized product trading at Barclays Capital, said in testimony before Congress today.
  • Agency residential mortgage-backed securities rallied after President Barack Obama inked a debt ceiling agreement into law yesterday, building on the gains sparked Monday by the news that a compromise was near.
  • The number of special serviced loans in European commercial mortgage-backed securities topped 100 for the first time in June, according to Standard & Poor’s.
  • U.K. lender Principality Building Society is originating its first residential mortgage-backed securitization, Friar No. 1, with UBS and the Royal Bank of Scotland confirmed as co-arrangers and co-lead managers.
  • Market bellwether Granite, Northern Rock’s residential mortgage-backed vehicle, has seen prices drop across its capital structure in recent days as securitization officials in London seeing a “flight to quality” amid new market jitters.
  • Market bellwether Granite, Northern Rock’s residential mortgage-backed vehicle, has seen prices drop across its capital structure in recent days as securitization officials in London seeing a “flight to quality” amid new market jitters.
  • Paul Jablansky, former senior non-agency mortgage-backed securities and consumer asset-backed securities strategist at the Royal Bank of Scotland, has jumped to Western Asset Management, where he’ll serve as co-head of the mortgage investment team.
  • The delinquency rate of loans in U.S. commercial mortgage-backed securities surged to a record 9.88% in July, according to Trepp. The data firm reported the 51 basis point increase as the largest monthly rise of the year.
  • Fannie Mae is reducing the size of its mortgage securitization but at a slower pace.