Public finance

Mayor Bill de Blasio on Thursday nominated Eric Enderlin to be president of the New York City Housing Development Corp., the city's housing finance arm and a major player in de Blasio's affordable housing initiative.

Freddie Mac has obtained another three new insurance policies under its Agency Credit Insurance Structure program, representing the largest aggregate transaction to date.

The Connecticut Housing Finance Authority intends to offer up to $63 million in fixed-rate bonds on Tuesday and $23 million as variable rate on July 13.

New York City broke ground on a $67 million reconstruction project at the Ocean Bay-Oceanside development in the Rockaways.

There's been plenty of speculation about insurance companies crowding out commercial mortgage bond investors this year.

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 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.

JPMorgan Chase agreed to pay almost $1 billion to resolve claims by Ambac Financial that it was duped into insuring mortgage bonds backed by shoddy loans, clearing the way for approval of a larger settlement over similar allegations.

The first three transactions of U.S. prime jumbo residential mortgage bonds issued since the financial crisis have been called without any loss, Fitch Ratings reported Monday.

Property Assessed Clean Energy loans have been available in Florida since 2010, but lending, as well as securitization of these loans, has lagged far behind California largely due to a series of lawsuits challenging the program's validity.