Finance

JPMorgan is taking a riskier route for its second jumbo mortgage loan securitization of 2016.

Impending rules allow sponsors of commercial mortgage bonds to satisfy a requirement to keep "skin in the game" of their deals by selling the risk of first loss to a designated third party.

Fifth Third Bancorp, Ohio's largest lender, fired Chief Legal Officer Heather Russell last month after she disclosed a romantic relationship with the chief executive officer of Fannie Mae, Timothy Mayopoulos, The Wall Street Journal reported.

A Federal Housing Finance Agency rule that will force some members of the Federal Home Loan Bank System out next year is likely to have a material effect on several of the cooperative institutions.

Mortgage rates were little changed from the previous week as they rose two basis points on better-than-expected economic news, according to Freddie Mac.

Fannie Mae has released the details of its next nonperforming loan sale, which will include its fifth "community impact" pool.

Morgan Stanley has completed $10.5 million in consumer relief, according to the independent monitor of the company's mortgage-backed securities settlement with New York State.

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender's bankruptcy trustee told a Miami jury on Tuesday.

Securities regulators are investigating and preparing to bring a civil case against Edwin K. Chin, a mortgage bond trader who was fired from Goldman Sachs Group Inc. in 2012, according to people with knowledge of the matter.

PHH Corp. said Merrill Lynch plans to bring more of its origination activity back in house and that could hurt pretax earnings by $13 million in the second half of the year.

Farmer Mac posted lower net income than during the second quarter of 2015 on a loss on financial derivatives and hedging activities.

Walter Investment Management Corp. lost $232.4 million in the second quarter as the company took $216 million in charges related to its mortgage servicing portfolio.

Redwood Trust reported higher net income during the second quarter from a year ago, thanks to an increase in net interest income and a decrease in operating expenses.

Freddie Mac has released a new online tool for lenders that determines whether a borrower's income qualifies them for a low down payment mortgage on a particular property.

The Inspector General of the Department of Housing and Urban Development has found a new ally in his fight to reform the down payment assistance programs run by HUD and state and local housing finance agencies.

Marketplace lender Lending Club has added Fannie Mae Chief Executive and President Timothy Mayopoulos to its board of directors.

Fannie Mae and Freddie Mac could need as much as $126 billion in bailout money from taxpayers in a severe economic downturn, according to stress test results released by their regulator.

The former officers and directors for Midwest Bank & Trust have reached a $26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis.

Gershman Mortgage will on an outsourced basis to provide loans insured by HUD for Land Home Financial Services' commercial lending division.

Community development entities like New Jersey Community Capital and Hogar Hispano are being guaranteed a portion of the secondary market for distressed mortgages. They are doing a good job of forestalling foreclosures, but skeptics question whether that run will last.