Finance

The new Pimco managers of the world's largest bond fund are embracing the mortgage securities that Bill Gross shunned.

Consumer sentiment towards receiving a mortgage and the direction of the overall economy reached new highs in February, according to a Fannie Mae survey.

Ocwen Financial's termination as servicer of two residential mortgage securitizations has no immediate impact on the strength of the company, but it does set a "negative precedent" that could eventually lead to the servicer being fired from more deals, Moody's Investors Service warns.

Four years after agreeing to an initial settlement, Bank of America has won court approval for its $8.5 billion settlement with investors over Countrywide's mortgage practices. Here's an update on all the other big mortgage litigation outstanding.

Apollo Commercial Real Estate Finance has priced a secondary offering of 10 million shares of common stock at $17 per share.

Mortgage rates have dropped for the first time in four weeks, according to Freddie Mac's weekly survey.

Michael Stegman, a top housing policy adviser, urged regulators on Thursday to bring more private capital into the market, even in the absence of legislative momentum.

Farmer Mac and Conterra Asset Management have launched a joint venture offering agriculture appraisal services nationwide.

Mortgage credit availability increased slightly in February, according to the Mortgage Bankers Association Thursday.

The government sweep of profits from Fannie Mae and Freddie Mac was defended by the top Treasury Department housing official, who called again for Congress to replace the U.S.-owned mortgage-finance giants.

JPMorgan's follow-up RMBS to its first securitization of 2015 involves a much smaller pool of mortgages.

Weaker appreciation in the low end of the housing market, combined with higher costs to originate mortgages tied to new regulatory compliance obligations, make smaller loans less attractive for lenders.

Wells Fargo priced $927 million of commercial mortgage securities via its Wells Fargo Commercial Mortgage Trust 2015-C27 series, according to a pricing document.

The Massachusetts Development Finance Agency issued tax-exempt bonds totaling $95.5 million for six affordable housing development projects in Boston.

JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses.

An overlooked issue in the plan to reform Federal Home Loan bank membership could inadvertently jeopardize the local focus of the system by allowing insurance companies to apply for membership in any of the 12 districts.

The Federal Deposit Insurance Corp. has accepted Banco Popular de Puerto Rico's bid to purchase mortgage servicing rights held by shuttered Doral Bank.

Morgan Stanley said New York Attorney General Eric Schneiderman intends to sue the company, alleging it misrepresented or omitted information when underwriting 30 subprime securitizations.

The Federal Housing Finance Agency released a set of new rules for the sale of troubled mortgages by Fannie Mae and Freddie Mac.

An audit of Ginnie Mae financials identified four "material weaknesses" and one "significant deficiency," primarily related to the accounting of $6.6 billion in defaulted loans made by the failed lender Taylor, Bean & Whitaker.