Finance

Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.

With few foreclosed homes left to pick up on the cheap, the biggest landlords are buying, or building, new single-family homes to pad their portfolios; mortgages on these properties could show up as collateral in rental bonds.

Tax reform caused Fannie Mae to burn through retained earnings that had been approved just two months ago and to post a fourth-quarter loss. CEO Timothy Mayopoulos argued it was a one-time event that overshadowed strong fundamentals.

Fannie Mae will request an infusion of taxpayer money for the first time since 2012 because of an unintended but anticipated side effect of the corporate tax cut signed into law in December.

The company that holds Washington Mutual's legacy reinsurance business has agreed to purchase a controlling interest in Nationstar Mortgage and invest in its growth.

Arch Capital Group's mortgage insurance subsidiary increased its cushion under the secondary market capital standards in the fourth quarter even as its delinquent inventory grew.

A new due diligence firm created by a trio of former Clayton Holdings executives wants to shake up a static business model.

Ellie Mae's fourth-quarter and full-year revenue increased over the corresponding prior periods following its acquisition of Velocify.

Walter Investment Management Corp. plans to emerge from Chapter 11 bankruptcy and start trading again under a new name in a matter of days.

Most of the collateral was acquired over the past year; that’s in contrast with the sponsor’s previous two transactions, in which a portion of the collateral was seasoned and refinanced from earlier transactions.

The deal is backed by an unusually concentrated portfolio of just 19 loans on properties being rehabbed or converted to a new use; by property type, the biggest exposure is to hospitality, at 19.7%.

Mortgage servicers should approach efforts to overhaul their compensated structure with caution, as changes to the status quo "could have ripple effects across the entire real estate finance industry," warned Mortgage Bankers Association Chairman David Motley.

Recent stock market volatility may further constrain jumbo lending, while inflation concerns have lenders paying close attention to rising mortgage rates.

Wary of concentration risk, secondary market participants are backing initiatives to give more players a piece of the action.

Moody's considers the $932.4 million TPG Real Estate Finance Trust 2018-1 to be highly leveraged, though not as highly leveraged as Blackstone's inaugural transaction.

Churchill Mortgage is building the "preunderwriting" process used to give borrowers a stronger sense of preapproval into its workflow to make financed offers on homes more competitive.

A group led by the National Fair Housing Alliance is suing Deutsche Bank, Ocwen Financial Corp. and Altisource Portfolio Solutions, alleging real estate owned properties in minority communities do not receive the same level of upkeep and maintenance as REO houses in white neighborhoods.

Anthony Renzi, the former Freddie Mac executive brought in to try and right the ship at Walter Investment Management Corp., will be leaving the company once a replacement is found.

The Trepp CMBS Delinquency Rate for U.S. commercial real estate loans in CMBS is now 4.83%, a decrease of six basis points from the December level.

The changes to the tax code reduced Radian Group's fourth-quarter net income as the company took an incremental provision of $102.6 million.