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Guthrie Federal Credit Union has joined the Federal Home Loan Bank of Pittsburgh.

Builder Lennar Corp.’s Rialto Capital subsidiary has completed the first closing of its second real estate investment fund.

Fortress Investment Group said principal and director Robert Kauffman is retiring from the company.

Wall Street banks are offering warehouse lines to fund investors that are gathering large portfolios of single-family rental properties to begin the process of a securitization.

Hurricane Sandy’s impact on the private-label residential mortgage-backed securities market won’t be systematic and estimates for it are shrinking under closer examination.

Lower yields on mortgage-backed securities haven’t led to more savings on home loans after the Fed expanded its balance sheet to an all-time high of almost $3 trillion through bond purchases.

Donna DeMaio will have the same policies that led United Guaranty to become No. 1 in new insurance written.

Freddie Mac purchased $62.5 billion in mortgage loans and securities in November, up 25% from the month prior.

The Federal Housing Administration is certain to be the target of major reform efforts by Congress.

Fannie Mae and Freddie Mac rely on Libor to determine interest payments on their investments in floating-rate financial instruments such as bonds and swaps.