Securitization

Deutsche Bank sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have won it: the bank can pay down part of its penalty by lending money to fund managers.

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

In order to address lenders' issues with mortgage servicing rights financing, the industry needs to reconsider its typical securitization structures.

Moody's Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation.

Former Jefferies LLC managing director Jesse Litvak, on trial for defrauding clients on the price of mortgage bonds, is finally getting to present the evidence that he believes will keep him out of prison — testimony from his hand-picked expert witnesses.

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

Former Jefferies LLC managing director Jesse Litvak "lied to his customers" about the prices of mortgage-backed securities, a prosecutor told jurors as the U.S tries for a second time to win a conviction that sticks.

Late payments on securitized commercial mortgages climbed sharply in December to a 14-month high, led by office buildings.

From selling servicing rights along with the loans to issuing private-label securities, a host of strategies from the past could return to the market as a result of the new political climate and interest rate environment.

Proponents of "recap and release" misread the political risks and the depth of interest that key lawmakers have in determining the long-term future of Fannie Mae and Freddie Mac.

A recent piece making light of GSE recapitalization is dangerously misleading.

It's unclear how the new political environment will affect the platform's viability or how investors will view the securities issued on it. The next year could determine the project's success and role reshaping the secondary mortgage market.

Opus Bank has completed a $509 million securitization of its multifamily loans through a Freddie Mac-sponsored "Q-deal" risk-transfer securitization.

Deutsche Bank will have to clear a lower capital hurdle next year, joining other European lenders who are benefiting from a change in how the European Central Bank sets the requirements.

Deutsche Bank and Credit Suisse Group agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.

Barclays was sued by the U.S. Justice Department for allegedly deceiving investors who bought mortgage-backed securities, according to court papers filed in federal court in Brooklyn.

For years, Donald Trump has used a powerful tool when dealing with bankers: his personal guarantee.

The case against Fannie Mae and Freddie Mac is stronger than the argument for their survival.

Smaller companies that perform servicing are rapidly growing their loan portfolios — and not just in the default servicing space.

Credit Suisse Group may reach an agreement as soon as this week to settle a U.S. investigation into its handling of mortgage-linked securities before the 2008 financial crisis, Reuters reported.