Finance

Fannie Mae increased its issuance of multifamily mortgage-backed securities in the third quarter.

JPMorgan Chase & Co. is selling securities tied to almost $1 billion of mortgages in the latest version of bonds that allow home-loan giant Fannie Mae to share risks with debt investors.

McGraw Hill Financial said it's negotiating a possible settlement of government investigations into how its S&P unit graded commercial mortgage-backed securities and recorded a $60 million charge to cover the costs.

The credit quality of U.S. commercial mortgages being packaged into bonds slipped further in the third quarter as borrowers piled on more debt, according to Moody's Investors Service.

BlackRock managed the year's largest sale of legacy mortgage assets Tuesday. Credit Suisse submitted a winning bid and quickly resold as much as 40% of the U.S. mortgage paper it bought.

Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market.

Making the GSEs out to be the villains of the mortgage crisis is an easy sell to a fearful and angry public, but doesn’t make it true. Partly due to this mindset, housing markets remain held hostage.

The Ryland CEO says new Fannie and Freddie low-down-payment loan products could have a big impact on next spring's selling season.

Freddie Mac has priced two bonds that offload the risk of a reference portfolio of mortgages insured by the agency.

The nation's largest mortgage lender is the first to say it will distribute the new Closing Disclosure to consumers, but other lenders, especially smaller ones, may not follow along.

Richard Davis says despite recently announced changes to reassure lenders about putbacks, he will stay on the sidelines due concerns about compliance and litigation risk.

Compliance costs are a wild card that is hurting profits.

Freddie Mac's securities have traded at a disadvantage to Fannie's for years. A $650 million subsidy ensures lenders will receive nearly the same price as Fannie pays for loans.

The recent drop in interest rates has opened the door for lenders to refinance borrowers with high-cost Federal Housing Administration loans into conventional Fannie Mae and Freddie Mac loans.

While Fannie Mae and Freddie Mac wait for Congress to decide when and how to act on housing industry legislation, the government-sponsored enterprises are working with their regulator on "nonlegislative GSE reform" that will better prepare them to implement new laws.

The risk retention rule unveiled Tuesday was hailed by the industry for its definition of a "qualified residential mortgage," but analysts say a comeback for private-label securitization still faces huge obstacles.

But the payoff for the agency is that it increases the availability of credit for consumers.

The GSE regulator's second attempt to stimulate the mortgage market is receiving a lukewarm reception from lenders, who remain gun-shy after being forced by Fannie and Freddie to repurchase billions of dollars in soured loans since 2008.

Government officials increasingly encourage looser credit benefiting low- to moderate-income borrowers, but some lenders who make these loans said it's easier said than done. Here's why.

Ginnie Mae on Monday released updated net worth and liquidity requirements for issuers of mortgage-backed securities.