Bond insurance

Mortgage rates dropped as Europeans worrying about a Greek default beefed up investments in American mortgage-backed bonds.

Almost seven years after the financial crisis, bond investors are rediscovering their appetite for new debt tied to the housing market.

Radian Group in Philadelphia began a sale of $300 million in senior notes.

New York's highest court may have shut the door to many future lawsuits over flawed mortgage bonds, ruling investors have six years from the day the deal closed to pursue remedies.

The New York City Housing Development Corp. board approved a $680 million inaugural sustainable neighborhood bond transaction, expected to price next week.

Goldman Sachs Group Inc. is in talks to pay $2 billion to $3 billion to settle a probe into its sales of mortgage bonds leading up to the financial crisis, according to a person with direct knowledge of the situation.

The New York City Housing Development Corp. expects in June to price its inaugural sustainable neighborhood bonds transaction — a first nationally, say officials.

Fannie Mae is planning to follow the lead of its rival, Freddie Mac, and offer securities with exposure to actual losses on the single-family mortgages that it ensures.

Issuance of securities without government backing tied to homeowners with weak credit records or other imperfections has been frozen since 2008.