Finance

A pair of nonlisted real estate investment trusts with the same dealer/manager have modified their share repurchase programs to increase stockholder liquidity.

New regulations have, and are expected to continue to impact the commercial real estate mortgage servicing industry, while process redesign and technology implementations are helping organizations improve efficiency, expand offerings and in many cases, retain staff.

American Capital Mortgage Investment Corp., Bethesda, Md., has priced a public offering of 11 million shares of common stock for total expected gross proceeds of $253 million before expenses.

Just days after predicting that this year’s mortgage originations would fall to their lowest level in volume since 2007, the Mortgage Bankers Association is changing its tune—singing at a higher note.

The news that the Federal Housing Administration is going to rev up its pilot distressed asset sale program is just another indication that this market is ready to boom.

Recently announced prepayments pending on certain Freddie Mac securities stem from what the lender involved said is a resolved technical error that caused a buyback of $330 million in mostly current loans.

The Financial Industry Regulatory Authority on Tuesday fined Citigroup Global Markets Inc. $3.5 million in a settlement related to charges of nonconforming residential mortgage-backed securities violations that Citi neither admitted to nor denied.

Citigroup, a somewhat frequent seller of nonperforming loans, is in the market with a $99 million package of troubled residential mortgages, according to investors that have looked at the package.

Mortgage originations will fall to their lowest level in five years in 2012, according to the latest forecast by the Mortgage Bankers Association.

Bank of America is in the market with a $2 billion package of mortgage servicing rights tied to loans that reside in private-label securitizations, according to bidders and investors briefed on the package.

Old Republic International Corp. has taken the next step in separating out its private mortgage insurance and consumer credit indemnity insurance units by selling 20.6% of Republic Financial Indemnity Group to an investor group headed by ORI president Christopher Nard.

Political races bring on all sorts of silly comparisons so why not take a stab at asking this: who would produce a more profitable mortgage banking company: President Obama or Mitt Romney?

Richard Fisher, president of the Federal Reserve Bank of Dallas, is not shy about the fact he's a former banker. That's why it's all the more surprising that he's one of the leading advocates for dramatically reducing the size of the largest banks—arguing that failing to do so will jeopardize the health and stability of the financial system.

The Consumer Financial Protection Bureau, by its mere name proclaims its sole purpose is to protect the consumer’s interest in financial matters. But what happens when the rules and regulations designed to benefit the borrower actually harm the borrower?

The Federal Deposit Insurance Corp. has sued Bank of America, Citigroup, JPMorgan Chase and other banks for a cumulative $92 million in damages on mortgage-backed securities, alleging that shoddy appraisals and other underwriting defects tainted their sale.

To address investor preference for Fannie Mae MBS over Freddie Mac bonds, the GSE regulator could create a single instrument that includes loans guaranteed by both, according to speakers at an American Securitization Forum in Washington.

The chief economist for the National Multi Housing Council said the strength of the recovery of the multifamily portion of the commercial real estate market has attracted both debt and equity capital to finance these properties.

Clinton Group Inc., an investment manager which says it is one of the largest shareholders in Radian Group Inc., is calling on the Philadelphia-based private mortgage insurer to put itself up for sale.

A trio of industry executives attending the Mortgage Bankers Association’s National Secondary Market Conference in New York weighed in recently on what they think the building blocks needed for a true return of a nonconforming secondary market are slowly shaping up to be.

The National Credit Union Administration has barred the former CEOs of U.S. Central FCU and Members United Corporate FCU from working for, or with any corporate credit union for their roles in two of the biggest credit union failures.