Finance

Financing plays a vital role in nonperforming loan investment. One of the most compelling things investors can do to get it is show how they handled a tough situation, financiers say.

The confluence of trends is making efficient portfolio and vendor management vital.

Buyers still have a lot of money they want to put to work and assets are in short supply, advisors who help broker trades say.

The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.

Alfred DelliBovi, the former chief executive of Federal Home Loan Bank of New York, will join the board of Flushing Financial Corp.

Julian Castro pledged to recapitalize the FHA insurance fund and work with Congress on GSE reform but equivocated when a Senator asked about cities condemning underwater mortgages.

Smaller banks face a tricky choice with jumbo loans: hold them and face rate risk, or sell them to a bigger bank and risk losing a customer. An unusual arrangement between the FHLB and a REIT could offer community banks a better route.

WinWater is the first new jumbo residential mortgage-backed securities issuer to put a deal in the pipeline since 2013. More new players could bring deals to market late this year.

Fannie Mae and Freddie Mac are exempt from state and local taxes, including transfer taxes, a Washington appeals court ruled in the latest decision shielding the government-owned mortgage finance companies from attempts to collect levies on property transfers.

The Justice Department has asked Citigroup for more than $10 billion to settle a probe into the lender's sale of mortgage-backed bonds in the run up to the 2008 financial crisis.

The Chicago Federal Home Loan Bank reaches agreement with Redwood Trust so member institutions can sell loans to the private-label issuer.

A downpayment remains a high hurdle for consumers seeking mortgages. Lowering this hurdle increasingly seems in line with industry and regulatory goals—assuming borrowers don't default. There's the rub.

LenderLive Network is expanding its correspondent lending channel by offering to buy jumbo mortgages from members of the Independent Community Bankers of America.

By obtaining a third-party opinion that provides a reasoned analysis supporting borrowers' ability to repay, a lender places itself in a substantially stronger position with respect to subsequent ATR claims.

The Legg Mason unit plans to buy mortgages made to self-employed borrowers who may not have the documentation for qualified mortgages as well as interest-only loan.

WinWater Home Mortgage is planning its first sale of bonds without government backing.

The regulator wants to ensure the government-sponsored enterprises set guarantee fees at a level that turns a profit after covering the cost of capital, administrative expenses and expected credit losses.

Ocwen Financial Corp. will no longer require distressed borrowers involved in litigation with the mortgage servicer to sign nondisparagement agreements as a condition for receiving a loan modification, New York's banking regulator said Wednesday.

An appeals court on Wednesday voided a controversial decision in 2011 by New York Judge Jed S. Rakoff, saying he erred in scuttling a $325 million settlement between the Securities and Exchange Commission and Citigroup.

Bank executives see opportunity in selling MSRs and servicing the loans for the buyers.