Capital markets

The Mortgage Bankers Association unveiled a new housing finance reform plan on Tuesday designed to kick-start congressional discussions over what to do with Fannie Mae and Freddie Mac.

An explicit government guarantee of Fannie Mae and Freddie Mac is imperative to reform the secondary market, but needs be carefully circumscribed — covering only the securities and invoked only after multiple, significant layers of private capital have been exhausted.

A federal appeals court ruled Monday that the Treasury Department will have to hand over more documents to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two government-sponsored enterprises.

Citigroup's plans to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

Former Jefferies & Co. managing director Jesse Litvak was convicted for a second time of defrauding customers on trades of mortgage-backed securities — but only on one of 10 criminal counts.

Jefferies Group has added a third lender to its latest securitization of a mortgage warehouse facility.

Nearly a third of the loans in the nonagency space will likely see prepayments cut in half if refinancing incentives disappear due to higher interest rates, according Morningstar Credit Ratings.

Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.

The mortgage industry loves to abbreviate its jargon. Test your knowledge of these 10 key industry terms.

Nonprime mortgage securitization has roughly doubled each of the last two years, and it shows no signs of stopping, according to Fitch Ratings.

Mortgage interest rates increased for the first time in 2017, ending a run of three weeks where they were down, according to Freddie Mac.

Radian Group reported fourth-quarter net income of $61.1 million, down 18% from $74.5 million for the same period in 2015.

The Federal Housing Finance Agency is seeking a significant amount of information from lenders that specialize in making chattel loans to manufactured homebuyers due to a lack of reliable data on the market.

The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the post-election stock market rally has produced a mixed bag for mortgage demand and the industry's publicly traded companies.

A bond-market startup is a step closer to reviving crisis-era derivatives that let investors bet on U.S. homeowner defaults.

Despite a jump in mortgage origination activity, Flagstar Bancorp reported lower fourth-quarter profits thanks to an uptick in expenses.

The financial services industry has high hopes that President Trump will usher in a new era of less regulation and economic growth, but here are challenges the new administration will face.

The Department of Housing and Urban Development announced Friday that the reduction in mortgage insurance premiums "has been suspended indefinitely."

A subsidiary of PennyMac Financial Services is offering secured term notes that are collateralized by Ginnie Mae mortgage servicing rights.