Finance

Mortgage real estate investment trusts are an important source of private capital for the housing market and appear to be aligned with the mission of the Federal Home Loan Banks, according to a top advisor to Treasury Secretary Jack Lew.

American Homes 4 Rent in Agoura Hills, Calif., expects to raise about $488 million from the sale of rental revenue backed securities.

PennyMac became the third largest correspondent aggregator after banks turned their back on the mortgage origination channel. With banks now increasingly shedding servicing rights, PennyMac is poised to make a similar play in servicing.

Common sense underwriting, a regulatory system that abides by contract law, and borrowers who consider homeownership a privilege, not an entitlement, make Canada perfect for private -label residential mortgage-backed securities.

Real estate investment trusts don't pose the credit risk to the Federal Home Loan Bank System that regulators claim they do, said the CEO of Two Harbors Investment Corp.

Standard & Poor's chances of settling the government's lawsuit over mortgage-bond ratings for less than $1 billion may have slipped away after Bank of America Corp.'s Countrywide unit was socked with a $1.3 billion fine.

The industry will have a place at the table to discuss the creation of risk-sharing arrangements, Curt Culver said at an investor conference.

Consumer expectations about the health of the housing market worsened over the summer, according to data released Monday by Fannie Mae.

The nonbank mortgage lender is moving closer to issuing its first private-label mortgage-backed security.

The Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund.

Bankers joined loan guarantors in pushing the Federal Housing Finance Agency to ease proposed capital rules for mortgage insurers, saying the plan will make borrowing less affordable for homebuyers unless it's revised.

Commercial-mortgage bond buyers are girding for the biggest deluge of offerings in seven years just as the debt becomes harder to sell amid slipping underwriting standards.

Community banks are fighting a plan unveiled by the Federal Housing Finance Agency that would force many banks and thrifts to maintain at least 10% of their assets in the form of home loans or mortgage-backed securities.

New regulation meant to ensure banks have enough easy-to-sell assets to survive a crisis is creating doubt over whether $1.1 trillion of mortgage debt qualifies, potentially hurting demand in a key cog of the U.S. home-finance system.

More regulations and higher costs are causing an increasing number of smaller financial institutions to consider having someone else originate loans for them.

Edward J. DeMarco, who worked to shrink Fannie Mae (FNMA) and Freddie Mac (FMCC) as their U.S. overseer after the 2008 financial crisis, started a new job this week: senior fellow at the Milken Institute's Center for Financial Markets.

The time has come for residential private-label mortgage-backed securities in Canada, but the market will look nothing like the United States'.

Fannie Mae is planning to sell 10-year benchmark debt in the first offering of its type from a government-sponsored enterprise in more than two years, according to FTN Financial.

Los Angeles County is taking steps to restart its Property Assessed Clean Energy residential program by early 2015.

The Federal Housing Finance Agency issued a proposal Tuesday designed to exclude captive insurers from the Home Loan Bank system.