Finance

A New York startup vows to reduce risk and bring transparency and regulatory oversight to a much-hyped investment class.

Canadian covered bonds now benefit from increased disclosure about the mortgages behind them and more certainty about recourse to the cover pool in the event of a default. But so far, this broader appeal hasn't resulted in increased issuance.

Housing and Urban Development Secretary Shaun Donovan says it's important for investors in mortgage-backed securities to receive a fair price for seized mortgages.

Fannie Mae and Freddie Mac lack consistent policies on charging late fees on outstanding loan repurchase requests, creating an uneven playing field in the mortgage market, according to an inspector general report.

Looming court battles over the fate of Fannie Mae and Freddie Mac are a key reason why lawmakers must act soon to pass housing finance reform, Housing and Urban Development Secretary Shaun Donovan said Wednesday.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's claims about tech-driven efficiencies are "too good to be true."

Sens. Tim Johnson and Mike Crapo are close to unveiling a highly anticipated bipartisan bill to overhaul the mortgage finance market as the window for moving legislation this year continues to narrow.

Just $334 million in single-family loans were placed in Ginnie I pools during the first month of the year.

The news helped 12 of the 17 Mortgage Industry Equity Composite stocks close higher on Tuesday.

There were nine Mortgage Industry Equity Composite stocks that closed lower, seven higher and one unchanged.

The chief executive of a Colorado title insurance company that was under investigation by state regulators killed himself, according to the Arapahoe County coroner's office.

The New York State Mortgage Agency will come to market with a three-pronged offering of revenue debt expected to be priced by Morgan Stanley on Wednesday following a retail order period on Tuesday.

There are plenty of companies waiting for a secondary mortgage market to develop for these high-margin loans.

Some investors apparently believe the Federal Reserve will pull back on the taper, and that drove the market higher.

Prepayment speeds fell to 12.4% from 13.7% on a consecutive-quarter basis, according to Sterne Agee analysts, who have raised their fiscal year 2015 estimate for Home Loan Servicing Solutions.

Freddie Mac plans this year to start regularly issuing the credit-linked notes it began using as a form of risk-sharing last year.

Fiserv's stock price declined nearly 2% as its earnings miss analysts' estimates.

Citigroup and Assurant have agreed to pay $110 million to settle charges that it forced thousands of homeowners to purchase expensive property insurance in order to profit from kickbacks and commissions.

Housing boom-era mortgage securitizations, written off as "toxic waste" during the financial crisis, are performing better than investors once expected, thanks to the rebound in home prices.

Mortgage rates for 30-year loans fell for a fifth week as stock market volatility and weaker-than-expected economic reports drove investors to the safety of the government bonds.