Finance

Steven Kohlhagen—a veteran of fixed-income markets and Washington—has been named a director at Freddie Mac.

We're hearing bulk sales of REO might not be a panacea for unburdening the industry’s huge foreclosed backlog after all.

You first need to know what the problems are with the mortgage application.

Holliday Fenoglio Fowler has closed the sale of and arranged acquisition financing for Woodway Square, a multihousing community in Houston.

There has been some speculation that real estate investment trusts could become a target of leveraged buyout activity, but it is unlikely to occur in the near term, in part because the commercial mortgage-backed securities market is still constrained.

American Capital Mortgage Investment Corp. ended its first year as a public company with fourth-quarter 2012 earnings of $50.4 million in net income and earnings of $1.40 per share.

Multifamily lending has been the darling of banks and investors for the past few years due partly to easy financing from Fannie Mae and Freddie Mac and the housing bust that has forced more families to rent rather than own.

When Charles O. Prince III was chief executive officer of Citigroup from 2003 to 2007, he didn’t know about a surge in mortgage risk that his own investment bankers loaded on to its bank’s books.

Redwood Trust is having a spectacular run. Its shares have returned 83% in the past year and there have been zero defaults among the $4 billion of jumbo loans it packaged and sold as bonds since 2010.

Recent data show the United States residential mortgage default outlook is strong in the context of the global securitized market.

Penny Mac’s stock ended the trading day Friday with the largest percentage gain among those listed in this publication’s Mortgage Industry Equity Composite.

A new lending platform recently launched by Case Real Estate Capital is starting to look at deals and take applications.

The NAMB Board discussed how mortgage brokers were able to gain an advantage from certain regulations.

Home Loan Servicing Solutions reported net income of $14.3 million for the fourth quarter of 2012 and no change in servicing asset valuations.

Investor interest in second liens is continuing this year with several more pools expected to come to market.

U.S. CMBS delinquencies declined for the eighth month in a row, hitting the lowest level since the fall of 2010 in Fitch’s latest index data.

Red Mortgage Capital originated a $19.5 million refinance for the Oyster Bay Manor/Harbor House.

Prepayments on Home Affordable Refinance Program-eligible cohorts remained stable or slightly higher, but overall conventional bond speeds have dropped.

Equity Residential generated normalized funds from operations in the fourth quarter of 75 cents per share.

Invesco Mortgage Capital generated 77 cents per common share of net income for the quarter ending Dec. 31, 2012.