Finance

Fannie Mae and Freddie Mac will pay the U.S. Treasury Department a combined $10.2 billion by June 30, an amount reflecting the profits the U.S.-owned mortgage financiers reported for the first quarter.

Even if private securitization deals are smaller or fewer, Clayton's loan review and due diligence services should be in hot demand as memories of the crisis linger, Radian reckons.

American Homes 4 Rent said that an affiliate will launch the offering of a securitization transaction by the end of this week.

Bill Ackman, who runs the $15 billion Pershing Square Capital Management, said that Fannie Mae and Freddie Mac will probably soar because there's no way to replace the mortgage guarantee companies.

Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.

IntercontinentalExchange Group Inc. is pitching Wall Street on new derivative contracts allowing investors to wager on U.S. homeowner defaults, six years after subprime-mortgage swaps helped fuel the financial crisis, according to five people with knowledge of the matter.

A roundup of comments on our Editor at Large blog, from the best and brightest to the not-so-bright.

Yes, subprime lending is picking up. But industry experts believe regulatory reform and new documentation requirements will prevent bubble-era style risk layering from re-emerging.

Wells Fargo and Bank of America posted double-digit increases on the amount of credit provided to mortgage bankers in 2013. Most other warehouse lenders' commitments shrunk.

Fannie Mae and Freddie Mac could require an additional bailout of as much as $190 billion in a severe economic downturn, according to the results of stress tests released by the regulator for the U.S.-owned companies.

The proposed federal mortgage guarantor in the Senate reform bill needs 5% hard equity to protect taxpayers, but 10% capital to pass Congress, the Housing Policy Council's John Dalton reckons.

Wells Fargo's loans make up around 20% of the pools referenced in credit risk-sharing transactions issued by Fannie Mae and Freddie Mac through March, according to Fitch.

The company is using proprietary automation to support the channel. Jeff Walsh, who formerly was involved in another wholesale startup, heads the new operation.

First Horizon National Corp. is getting closer to putting its mortgage woes behind it.

Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., filed a handful of "too big to fail" amendments Friday to a pending Senate Banking Committee bill to overhaul the housing finance market.

Senate Banking Committee leaders want to win as much support as possible for their housing finance reform legislation before a panel vote on Tuesday, but it's possible that a failure to win over certain members could ultimately assist their cause.

U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lender’s sale of bonds backed by home loans in the run-up to the 2008 financial crisis.

Fears that the Federal Reserve's reduction in mortgage-backed securities purchases this year would cause rates to skyrocket failed to come true. That's partly because there's less mortgage paper to buy.

Private-label residential mortgage securitizations are designed around a strict hierarchy of classes.

The Senate GSE reform bill may bloat the bureaucracy, encourage risky behavior and expose taxpayers to losses, without sufficient support for affordable housing. That could still be better than nothing.