Finance

Richard Jennings, who founded and led the mortgage-finance group at Goldman, Sachs & Co. and went on to start his own real estate investment-banking firm, has died. He was 72.

The agency that insures government loan securitizations could use some more subservicers because it is concerned that so much of its issuance gets outsourced to a small number of players.

The delinquency rate on commercial mortgage-backed securities continued to fall significantly for the month of February, according to Trepp.

Prices of loans underlying commercial mortgage-backed securities were on the rise in January, according to DebtX.

Freddie Mac has expanded the amount of ongoing loan-level data it discloses about mortgages it insures in an effort to boost appetite for reinsurance.

The market for U.S. mortgage securities without government backing, virtually frozen since the financial crisis that it helped trigger, may get a boost from some of the biggest bond funds on Wall Street.

Apollo Commercial Real Estate Finance has agreed to acquire Apollo Residential Mortgage.

Redwood Trust is "repositioning" its mortgage business by focusing mainly on jumbo loans, according to its top executives.

Radian Group's Clayton Holdings hired Brian Wornow to be senior managing director of lending services as the mortgage-information unit seeks more business from Wall Street firms.

After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.

Redwood Trust reported growth in profits in the fourth quarter, largely as a result of higher realized gains on the sales of residential securities.

Mortgage professional hiring and new job appointments for the week ending Feb. 26.

Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate.

The U.S. Justice Department will decide in the next few months whether it will sue Moody's Corp. for allegedly inflating ratings on mortgage bonds at the heart of the 2008 financial meltdown.

PHH Corp. reported a bigger loss in the fourth quarter, on costs to restructure its business and a loss on sales of mortgage servicing rights.

Amid growing scrutiny of how the hand-off of mortgages is managed after loan closings and bulk sales, servicers are working to automate the entire process to create a consistent and accurate onboarding experience for borrowers.

Nationstar Mortgage is in the market with the second rated securitization of what are nonperforming Home Equity Conversion Mortgage loans, according to Moody's Investors Service.

Meaningful rules encouraging Fannie and Freddie to do more with manufactured housing would allow more lenders into the market and make pricing more competitive.

Mitsubishi UFJ Financial Group is building a U.S. mortgage-bond trading team as tough lending conditions in Japan spur the nation's biggest bank to expand overseas.

Bank of America on Monday will launch a 3% down payment home loan in partnership with Freddie Mac, but the bank will not retain any risk if the loans default. That’s because it will immediately will sell the loans and servicing rights to Self-Help Federal Credit Union, a Durham, N.C., community development lender that's on a mission to put more low- and moderate-income families into homes of their own.