Finance

A more than $5 billion offering going up for bid is one of the first large transactions seen since the coronavirus complicated trading.

As the coronavirus created uncertainty for the housing market, underwriting standards tightened further in June.

The lending giant's filing reveals what the company's internal structure will look like going forward.

The single-borrower deal, sponsored by Brookfield, was pulled in the spring due to market conditions that halted most securitizations at the onset of the COVID-19 outbreak.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

Tricon American Homes launches the fifth securitization since mid-May secured by loans that finance institutional ownership and management of single-family residential rental homes.

Reps called the offer "opportunistic" and said it did not address regulatory concerns regarding overlaps with Bill Foley's other businesses, Fidelity and Black Knight.

Guarantee fees became the main source of revenue for government-sponsored enterprises during conservatorship, and reverting to a private stockholder model could create a need for more revenue.

While the multifamily loan forbearance rate is lower than the most pessimistic projections, Pat Jackson says borrowers are hardly out of the woods yet.

The mortgage insurer is receiving $528 million of coverage in the event of defaults in a $44 billion loan pool.