Capital markets

The first reboot of S&P 500 Index group weights in almost two decades has arrived, shaking up stock portfolios and conjuring an industry out of real estate investment trusts that will infuse at least one lightweight ETF with sudden riches.

Caliber Home Loans is preparing a second subprime residential mortgage securitization, just months after completing its first U.S. subprime asset-backed deal of the post-crisis era.

In an unusual move, Fannie Mae has obtained credit ratings for eight previously unrated tranches of five Connecticut Avenue Securities transactions issued between 2012, when the program was launched, and 2015.

Home purchase applications are at their highest level in almost five years but a level that is still considered weak, according to the Freddie Mac Multi-Indicator Market Index.

The National Association of Realtors is urging policymakers to implement reforms meant to qualify more condominium buyers for Federal Housing Administration loans.

Former Mortgage Guaranty Insurance Co. Chairman and Chief Executive William Lacy Jr. died Sunday from respiratory failure. He was 71.

The first residential mortgage-backed securities class rated by Fitch Ratings post-crisis has paid off, the ratings agency said Monday.

In just a few years, a popular mall with high-end anchor stores and boutique retail tenants can fall into substandard property condition, leaving commercial mortgage bond investors with outsized losses on their exposure to these properties.

The mortgage application forms from Fannie Mae and Freddie Mac should make for stronger loans, according to an analyst at Moody's Investors Service.

Many lenders are still reluctant to give mortgages to borrowers with less-than-pristine credit, yet such loans are far more likely than prime jumbo loans to be bundled into collateral bonds. Sreeni Prabhu of Angel Oak Capital credits banks' behavior and higher interest rates for that reality.