Securitization

More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.

The Federal Reserve's mishandling of monetary policy in the 1970s opened the door to questionable products for unqualified borrowers, setting the stage for the housing crisis 30 years later.

Late payments on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.

Deutsche Bank jumped in Frankfurt trading after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in a probe tied to residential mortgage-backed securities, less than half an initial request.

The Department of Justice wants banks to more fully cooperate with civil investigations. Companies now are expected to "materially assist" the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.

Eight years after high-risk, deceptive lending practices precipitated a near-meltdown of the global economy, we learned that at least 5,300 Wells Fargo employees created 2 million sham accounts that its customers apparently did not want, need or understand.

Deutsche Bank isn't the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group and Barclays are also each in settlement talks with the Justice Department.

Commercial mortgage loans held by life insurance companies provided lower returns in the second quarter than the previous one, according to the LifeComps Commercial Mortgage Loan Index.

Royal Bank of Scotland Group agreed to pay $1.1 billion to settle the first of three major U.S. mortgage-backed securities probes the bank must overcome before it can resume dividend payments.

Banks are to blame for delaying resolutions of U.S. mortgage investigations by failing to cooperate, a top Justice Department official said.

Fannie Mae and Freddie Mac want to make it easier for owners of older apartment buildings to make energy efficient upgrades.

Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth reperforming mortgage securitization of 2016.

JPMorgan opted for more geographic diversity in its third securitization this year of prime fixed-rate residential mortgages predominately located in high-priced urban markets.

Citigroup is shopping $540 million of bonds backed by a portfolio of 102 self-storage facilities.

The next administration in the White House must act swiftly to move reform of Fannie Mae and Freddie Mac off dead center, and Ginnie Mae President Ted Tozer suggested that the model for a new secondary market is already in place.

Goldman Sachs has passed its first compliance test as part of its mortgage-related settlement agreements, the independent monitor reported.

JPMorgan is dipping into its toolbox for a type of financial engineering rarely seen these days: "re-REMIC," or a securitization of real estate mortgage investment conduits.

Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay.

Deutsche Bank may have to make additional legal provisions if a settlement with U.S. authorities over the sale of residential mortgage-backed securities exceeds $4 billion, according to analysts at JPMorgan Chase.

American Homes 4 Rent has repaid the $342 million loan that serves as collateral for its first securitization of single-family rental properties.