Finance

Blackstone Group is preparing to expand its bet on the housing recovery by lending to other landlords.

Hedge fund firm Perry Capital sued the Treasury Department claiming the government’s seizure of all profits from Fannie Mae and Freddie Mac is illegal and has destroyed shareholders’ holdings.

Some are buying nonperforming loans to get a hold of properties in states with longer foreclosure timelines early on rather than waiting for foreclosure.

Royal Bank of Canada and Canadian Imperial Bank of Commerce launched their covered bond programs under the new covered bond framework in Canada.

Although details of the House legislation are still being worked out, it is likely to eliminate the government-sponsored enterprises and move towards a fully private system.

The Federal Home Loan Bank of Atlanta appointed one new member to its Affordable Housing Advisory Council.

Two $1 billion losses affecting private-label residential mortgage-backed securities that were taken due to a change in reporting methodologies as loans with principal forbearance changed hands may be the worst of these types of losses.

The long-term rate-indicative 10-year Treasury bond leapt close to 20 basis points Friday morning following the release of Friday’s payroll report.

The city agreed pay IceArizona, the National Hockey League team’s potential new owners, $15 million a year for 15 years to manage Jobing.com Arena.

We're hearing some good news for Fannie Mae and Freddie Mac in regard to the payment of state and local transfer taxes on the sale of real estate.

Municipal Mortgage & Equity has sold its fixed-rate performing multifamily bond portfolio to Merrill Lynch Portfolio Management Inc.

Treasury 10-year yields have dropped about 20 basis points since rising to 2.66% on June 24, the highest level since August 2011.

The issuer was a governmental agency who was authorized to issue bonds on behalf of a public benefit corporation for the purpose of providing low-income housing.

The downgrade to speculative grade reflects the city’s fiscal distress, which is evidenced by the second consecutive year with a resolution declaring a state of emergency.

Redwood Trust has issued another jumbo residential mortgage-backed securitization through Sequoia Trust that brings its total of deals done so far this year to nine.

Americans are finding it pays to go big when borrowing to buy a home.

The issuance of nonagency residential mortgage-backed securities so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

The average rate for a 30-year fixed-rate mortgage during the week ending July 3 dropped back to 4.29% in Freddie Mac’s holiday-shortened weekly survey.

Overall application volume decreased by 11% from the prior week on a seasonally adjusted basis for the week ended June 28.

Nationstar’s revised loss reporting related to principal forbearance loan modifications will have what Fitch calls “marginal rating implications” on some residential mortgage-backed securities that already have very low ratings.