Finance

The two-year, floating rate, interest-only loan is collateralized by 51 hotels in 16 states.

Canadian mortgage bonds have attracted U.S. buyers in the past and the legal basis for these is stronger. But are home values there unsustainable?

Master servicers are consistently finding a “material” lack of current appraisals in delinquent commercial mortgage-backed securities loans.

Getting all of the financing pieces for affordable housing is difficult because nonprofit developers usually have to tap multiple sources of capital.

The government-sponsored enterprises are leaving billions on the table by not going after deadbeat borrowers who may have the wherewithal to make good on their mortgages but failed to do so.

California wants to kick-start the residential side of the state's Property Assessed Clean Energy program by setting up a $10 million reserve fund that would reimburse Fannie Mae and Freddie Mac for any losses incurred from PACE liens.

Credit Suisse Group AG was sued in New York over $359 million worth of residential mortgage-backed securities by an entity that manages distressed debt.

The Prestwick Mortgage Group is now offering a $252 million Fannie Mae A/A and FHLMC Gold Arc servicing portfolio on behalf of a federal savings bank.

Mortgage purchases by Freddie Mac fell 15% from July to $36 billion in August, the lowest level since December.

Fannie Mae, preparing its first sale of securities that would share the risks of homeowner defaults with bondholders, will offer better terms than in Freddie Mac’s initial deal.

Genworth Financial, which last year delayed a planned initial public offering of its Australia mortgage insurer, said that the IPO will probably come in 2014, rather than this year.

Countrywide is alleged to have defrauded Fannie Mae and Freddie Mac out of more than $1 billion in mortgages.

Goldman Sachs Group, JPMorgan Chase and billionaire George Soros are poised for gains from a housing bet placed in the depths of the financial crisis.

MountainView Servicing Group is putting up for bid two Fannie Mae mortgage servicing rights portfolios with a total unpaid principal balance of $1.3 billion.

Interactive Mortgage Advisors, as exclusive broker for an unnamed seller, is putting up for bid $1.1 billion Ginnie Mae/Fannie Mae bulk residential mortgage servicing rights.

Home purchase loan applications are at their highest level since July, up 7% on a seasonally adjusted for the week ended Sept. 20.

We're hearing the re-emergence of some pre-crisis features in post-crisis jumbo securities is not necessarily a bad thing but investors should be aware of their risks.

A new Canada-only securities transaction collateralized by a co-ownership interest in a pool of residential property-secured lines of credit could prove to be a model for future deals of interest to U.S. investors.

The Structured Finance Industry Group has elected a new, 40-person permanent board.