Securitization

Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.

Angel Oak, a regular issuer of nonprime residential mortgage bonds, is marketing its first transaction with a credit rating.

Late payments on securitized commercial mortgages resumed climbing in February, after an unexpected pause the previous month, according to Trepp.

New Residential Investment Corp. is readying an offering of bonds backed by both reperforming and nonperforming mortgages.

Deutsche Bank wants to finance hedge fund purchases of subprime loans in order to meet the terms of its $7.2 billion settlement with the U.S. government.

Profits at Mill Valley, Calif.-based Redwood Trust shrank during the fourth quarter, reflecting lower interest income and net losses on the fair value of investments.

The bank is holding on to $31.7 million of the notes to be issued in the $635 million conduit transaction in order to comply with risk retention rules, according to ratings agency presale reports.

Although issuance of residential mortgage-backed securities remains down from a year ago, the number of nontraditional deals is continuing to grow, according to Moody's Investors Service.

Commercial mortgage loan originations in 2017 are expected to increase 3% over last year to a record high, as market fundamentals and property prices remain strong, according to the Mortgage Bankers Association.

Fannie Mae has priced its first resecuritization of multifamily mortgages on energy-efficient buildings.

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.