Finance

It's a mortgage on top of a mortgage, and at least one lender is making these loans again through brokers.

The Connecticut Housing Finance Authority plans to sell $150 million of mortgage finance program bonds, starting with a retail order day on Monday.

Bank of America Corp., which had been warning investors to avoid U.S. government-backed mortgage securities, reversed its call this week. The reason: oil prices are stabilizing.

The relationship a loan officer took several months to cultivate can be destroyed by your servicing area in just 10 minutes, affecting potential referrals or future business. Here are a few ways you can avoid that.

Two Justice Department lawyers leading an effort to hold financial firms accountable for the mortgage-fed debacle that fueled the Great Recession stopped in to talk strategy in mid-2009 with Jerry Brown, then California's attorney general.

Standard & Poor's has agreed to pay Pennsylvania $21.5 million to settle a federal lawsuit that claimed the company defrauded investors by abandoning its role as an independent loan evaluator in the lead-up to the Great Recession.

Ocwen Financial Corp., the mortgage company that's faced attacks from regulators and bond investors, had its proficiency grades reduced by Fitch Ratings.

You can get a jump on taking preventive and proactive measures against defaults in order to mitigate risk and retain portfolio assets. Here's how.

In an interview, FHFA Director Mel Watt said there needs to be greater clarity to ensure some entities aren't taking improper advantage of Federal Home Loan Bank membership.

Dan Sparks helped Goldman Sachs Group Inc. profit from its bets against subprime mortgages. Now he's expanding credit to Americans hurt when those types of loans soured and the housing market collapsed.

Fannie Mae and Freddie Mac's overseer wants to allow debt cuts for a narrow group of borrowers who owe more than their homes are worth.

Standard & Poor's tab is $1.4 billion — including $52.5 million for Illinois — to resolve long-standing allegations by federal and state authorities that the firm misled investors in the run-up to 2008's financial collapse.

Deval, a loan servicing company in Dallas, has received its Freddie Mac servicer approval.

The outcome of Bruce Berkowitz's tussle with the U.S. government over the profits from Fannie Mae and Freddie Mac may depend on two women: federal claims court Judge Margaret Sweeney and Sen. Elizabeth Warren.

JPMorgan plans to add $940 million to the growing pipeline of residential mortgage-backed securities.

Studying borrowers' credit characteristics and tightening quality control are more important to how mortgages perform than the size of down payments.

Accurate data is critical in the mortgage business. Yet, we often forget exactly how much data goes into every loan file, and that the amount of data continues to grow every year.

WinWater Home Mortgage is preparing another plain-vanilla private-label residential mortgage securitization.

During last year's fourth quarter, commercial and multifamily loan originations increased by 11% from the same time a year before, a new report by the Mortgage Bankers Association says.

Efforts by investors in the government-sponsored enterprises to find a more friendly court to challenge the government's management of Fannie Mae and Freddie Mac fell flat in Iowa.