Finance

Sen. Bob Corker, a co-author of legislation to overhaul the mortgage finance market, forcefully defended his proposal that private capital take at least 10% of the first loss on mortgage-backed securities.

Third-quarter earnings from builder Lennar Corp. show its mortgage-related operations were down compared to the same period last year, but its overall net earnings were up.

The company said its trading suspension order will remain in effect for the ten-business-day period ending Oct. 1 with shares eligible to resume trading on Oct. 2.

Fitch Ratings has assigned Bellwether Enterprise Real Estate Capital a commercial mortgage-backed securities primary servicer rating of CPS3+.

MFA Financial Inc. appointed William Gorin as chief executive officer of the company, effective Jan. 1, 2014.

A pickup in issuance of commercial mortgage-backed securities has yet to affect pricing, according to analysts at JPMorgan.

Richmond’s plan to keep homeowners out of foreclosure by seizing underwater mortgages through eminent domain is a credit negative.

The restitution may make the credit unions whole as separate settlements with their insurer, CUMIS Insurance Society, and Fannie Mae preceded it.

Issuers in the reviving market for U.S. mortgage securities are creating debt with features not seen since before the financial crisis that can increase risks for certain investors.

Interactive Mortgage Advisors is offering to qualifying buyers on behalf of an unnamed seller another package of mortgage servicing rights.

Moody’s Investor Service is considering changing the way it rates covered bonds to take into account the additional support they would receive in the event of a bank failure.

PennyMac’s first jumbo mortgage-backed securities deal in its planned form does not have a master servicer, unlike previous deals in the space.

A study of the investment portfolio of 34 life insurance groups by Fitch Ratings found they have made a modest allocation shift into less liquid assets, including commercial mortgage loans.

It was not the best day for most stocks in this publication’s Mortgage Industry Equity Composite.

Citigroup and Goldman Sachs priced an offering of $989.54 million of commercial mortgage-backed securities.

PennyMac is putting its first jumbo mortgage-backed securities deal in the pipeline, a deal roughly $550 million in size.

The Federal Reserve decision not to taper its bond purchases at this time will be good for mortgage volume in the short term.

Carrington Property Network has accelerated its expansion by adding 15 of the top producing residential real estate brokerage firms to its exclusive group over the last three months.

Institutional investors who have been acquiring single-family properties and converting them into rental units have been flocking to many of the same cities, but there are still markets where the competition for these types of assets remains low.

The country's largest trade group is challenging possible plans by the Federal Housing Finance Agency to arbitrarily lower the conforming loan limit in an attempt to bring private capital back to the mortgage market.