Secondary

Eight years after subprime mortgages all but disappeared, U.S. buyers with bad credit can still own homes.

The total number of loan programs being marketed declined in March, as fewer conventional offerings offset a loosening of standards on government products, according to the Mortgage Bankers Association.

The housing market has been improving but mortgage credit remains "stubbornly" tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.

Consumers are feeling a growing pessimism about the direction of the economy that appears to be spilling over into the housing market in March, Fannie Mae said.

Nomura Holdings Inc. held a training session after a former Jefferies & Co. managing director was indicted for fraud and encouraged its traders not to lie — but that didn't stop the fibbing to customers about bond prices, according to U.S. prosecutors.

Credit market turmoil continued to take a toll on commercial property prices in February, when Moody's/RCA Commercial Property Price Indices national all-property composite index declined for a second consecutive month.

Stuart Delery, the Justice Department official overseeing civil investigations of banks for conduct related to the financial crisis, is stepping down April 14 to explore options in the private sector.

Defaults on commercial mortgage-backed securities declined for the fifth straight year in 2015, according to Fitch Ratings.

The U.S. Supreme Court's decision last week not to review a mortgage-backed securities lawsuit renewed interest in a long-brewing legal conflict over the mandate of the Financial Institutions Reform, Recovery, and Enforcement Act.

After nearly 20 years of talk, the time for e-closings is finally here, thanks to a push from government regulators and a broad shift in acceptance across demographics.