Capital markets

A small Connecticut bank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers.

W.J. Bradley Mortgage Capital shut its doors after it was stuck with nonagency loans with TILA/RESPA integrated disclosure issues that it couldn't sell.

While the $1.9 billion of bonds are not guaranteed by the government, most of the underlying loans could have been sold to Fannie and Freddie, and the transaction accomplishes the same thing as the GSEs' risk-transfer deals.

Ginnie Mae needs more and better paid staff to keep up with growing risks on nonbank seller/servicers, the watchdog agency head said.

JPMorgan Chase is preparing one of the largest private-label mortgage securitizations since the financial crisis.

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small business development and job creation to help future homebuyers.

The American Bankers Association's mortgage subsidiary, ABA Community Bank Mortgage, has chosen BOK Financial Correspondent Lending to be its newest secondary market investor.

QRM clarified the rules of the road for securitizations. Now, participants in the MBS world seeking better margins are looking beyond the safe harbor — to the subprime space.

Losses on commercial mortgages declined in February, with a Florida shopping center topping the list of the largest losses, according to Trepp.

Zais Financial may shut down its business and liquidate its holdings if it can't a buyer or a merger partner.

With U.S. mortgage rates near their lowest level since April and showing signs of falling further, some lenders are preparing for another refinancing wave, an unexpected development after the Federal Reserve began hiking short-term interest rates in December.

The collateral for Agate Bay 2016-2 includes some residential mortgages that failed to comply, at least initially, with "Know Before You Owe" disclosure rules that took effect in October.

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.

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

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.

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.

Prices of loans underlying commercial mortgage-backed securities were on the rise in January, according to DebtX.

Freddie Mac has expanded the amount of ongoing loan-level data it discloses about mortgages it insures in an effort to boost appetite for reinsurance.

The market for U.S. mortgage securities without government backing, virtually frozen since the financial crisis that it helped trigger, may get a boost from some of the biggest bond funds on Wall Street.

Apollo Commercial Real Estate Finance has agreed to acquire Apollo Residential Mortgage.