Freddie issues another $1B multifamily offering --

Freddie Mac issued its sixth $ 1 billion MBS backed by multifamily properties this year as credit for homebuyers dried up. Freddie expects to offer the latest K certificate backed by 75 recently originated multifamily mortgages.

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FHFA delays principal reduction ruling --

FHFA delayed its decision on GSE principal reduction originally due this month.

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Monday Morning Cup of Coffee: Ally sets deadline for mortgage mods --

Ally Financial will give borrowers a deadline to accept settlement modifications; a new proposal for GSE reform; and a slew of new bank closings.

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BarCap, Deutsche win latest Maiden Lane III bid --

The Federal Reserve Bank of New York sold collateralized debt obligations once held by American International Group to Barclays Capital and Deutsche Bank. The two investment banks beat out six other firms in the bidding.

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Treasury warned of new HAMP rental fraud --

Treasury expanded HAMP to real estate investors and vacation homeowners this year. Without tighter restrictions forcing borrowers to rent the properties, a government watchdog warns of a rise in fraud.

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