Secondary

Citigroup executives involved in the issuance of residential mortgage-backed securities at the center of the 2008 financial crisis will not be facing criminal charges for selling toxic bonds, U.S. authorities have determined.

Consumers were feeling moderately confident about the housing market in February, Fannie Mae said.

A federal judge has allowed to proceed a lawsuit in which a Belgian investor blames Bank of New York Mellon for about $1.1 billion of losses related to its role as trustee for residential mortgage securities.

Market volatility and new regulatory burdens are thinning the ranks of commercial mortgage lenders that underwrite loans for securitizations. Activity is slowing down as a result, and it is unclear if banks and insurers will fill the void, especially outside the largest cities.

Contrary to claims of anticompetitive practices, manufactured housing industry leaders want to increase the number of lenders offering financing.

Commercial and multifamily mortgage delinquency rates dropped in the fourth quarter, according to the Mortgage Bankers Association.

Richard Jennings, who founded and led the mortgage-finance group at Goldman, Sachs & Co. and went on to start his own real estate investment-banking firm, has died. He was 72.

Interest rates on fixed-rate mortgages rose slightly on a weekly basis, as the market waits on the Fed to resume its interest rate hikes, according to Freddie Mac.

The agency that insures government loan securitizations could use some more subservicers because it is concerned that so much of its issuance gets outsourced to a small number of players.

The delinquency rate on commercial mortgage-backed securities continued to fall significantly for the month of February, according to Trepp.