Securitization

In the aftermath of enforcement actions, non-executive chair Phyllis Caldwell is directing the special servicer's efforts to diversify its leadership and business model.

JPMorgan Chase is known to eschew selling conforming mortgage loans to Fannie Mae and Freddie Mac, preferring to securitize them in the private-label market.

Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market.

Federal Reserve Bank of St. Louis President James Bullard said the central bank ought not rush to raising interest rates next month because uncertainty over the fiscal policies of the Trump administration clouds the U.S. economic outlook.

Almost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy.

SL Green Realty Corp. is tapping the securitization market to refinance 485 Lexington Ave., a 32-story office building in Midtown Manhattan.

Redwood Trust is back with its second offering of residential mortgage bonds in less than a month, according to Kroll Bond Rating Agency.

Cerberus Capital Management is marketing its first securitization of reperforming mortgages of the year.

The Mortgage Bankers Association is trying to jump-start discussions around housing finance reform even as political dysfunction on Capitol Hill is reaching new lows.

Late payments on securitized commercial mortgages fell modestly in January, bucking the recent trend.

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.

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.

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

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

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market.

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.