Finance

The efforts of Fannie Mae and Freddie Mac shareholders to claw back the value of their investments by suing the U.S. Treasury have not elicited much support on Capitol Hill.

Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.

Creditors of a Dallas-based special servicer and mortgage services firm that filed Chapter 7 bankruptcy this week include technology providers, financial institutions and property management companies.

The Cleveland company, which this spring said it had decided to start originating its own mortgage loans again, shared more details on the start date of this new effort and the rationale behind it.

Fannie Mae completed its second credit risk sharing transaction as part of its efforts to diversify counterparty exposure and reduce taxpayer risk.

Plans to reduce U.S. Army ranks by 40,000 soldiers add pressure to military communities and raise risk for bonds used to privatize base housing, experts said.

More government-sponsored enterprise risk-sharing transactions are on the way to join those already issued this year by Freddie Mac, Fitch Ratings said in a report issued Monday.

Loans backing commercial mortgage-backed securities saw a slight uptick in delinquencies last month, Fitch Ratings reported.

Arbor Commercial Mortgage has been selected by Fannie Mae as a lender for its program for multifamily housing for seniors.

Fannie Mae has introduced a smartphone application designed to help potential homeowners learn how to save for their first purchase.

New prime jumbo residential mortgage-backed securities issuance looks on track to outpace last year's levels, Fitch Ratings announced Monday.

Some housing professionals have grown reluctant to participate in the Federal Home Loan Banks' Affordable Housing Program, objecting to burdensome requirements and rules that are inconsistent with other funding sources. It's time for the Federal Housing Finance Agency to make some updates.

Blackstone Group's Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings.

Freddie Mac has obtained two more reinsurance policies transferring risk of default on mortgages that it insures.

In a real estate development that has a tinge of symbolism tied to the recent past, the Washington Post's downtown D.C. location will be torn down to make room for Fannie Mae's new consolidated headquarters.

A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.

JPMorgan Chase has continued to take steps towards satisfying its portion of the residential mortgage-backed securities settlement, according to the independent monitor put in place to track the bank's progress.

The home sales market may be ready to trend upward, based on consumers' responses in a recent Fannie Mae survey.

Mortgage rates for 30-year loans fell for the first time in three weeks as investors worried about political and financial turmoil in Greece and China turned to the relative safety of American debt.

The technical glitch that suspended trading on the New York Stock Exchange for much of Wednesday shocked Wall Street, but the one-to-one nature of mortgage-backed securities trades meant the secondary mortgage market was not impaired by the outage.