Securitization

The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

From the Common Security Platform and Freddie Mac loan sales to new accounting rules and what direction mortgage rates are headed, there was plenty to debate during this week's MBA Secondary Conference in New York.

Russia's moving into mortgage bonds to try to cut housing costs, and it's taking a leaf out of America's book to do so.

Freddie Mac has priced its sixth guaranteed multifamily small-balance loan securitization of 2016.

Goldman Sachs and Citigroup each have filed for new commercial-backed mortgage securitizations this week.

Property valuations for specially serviced U.S. commercial mortgage-backed securities have dipped, according to Fitch Ratings.

Greystone, a commercial real estate lending, investment and advisory company, is adding two executives to a mortgage bond lending team.

Redwood Trust posted lower profits for the first quarter of 2016 as a result of falling interest income and the impact of lower interest rates.

Borrowers who have defaulted in the past are generally considered to be a bigger risk than those who have never missed a payment. Yet the early performance of bonds backed by rehabbed residential mortgages is pretty strong.

The Federal Housing Finance Agency announced Wednesday it had raised a cap on the amount of multifamily loans Fannie Mae and Freddie Mac can buy from lenders, boosting it to $35 billion effective immediately.

Freddie Mac's second quarterly loss in less than a year makes it clear profitability is getting tougher as it shrinks. But it's a concern that must be weighed against more long-term efforts to reduce Freddie's overall credit risk exposure.

Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis.

A federal judge approved Goldman Sachs Group's $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

A recently enacted requirement from the Securities and Exchange Commission places liability for collateral assets within securitization trust funds squarely on the shoulders of a depositor's chief executive, prompting calls for more extensive due diligence procedures.

The Connecticut Housing Finance Authority intends to offer $189 million in tax-exempt bonds Tuesday to finance single-family mortgages.

The statute of limitations on private lawsuits against trustees and servicers of housing bubble-era residential mortgage-backed securities could run out in a few years.

The recent proposal is less about fixing fundamental flaws in our mortgage finance system and more about finding a broadly acceptable path to resolving the current impasse in mortgage finance reform.

Kroll Bond Rating Agency added its voice to the chorus of credit rating agencies downplaying the risks of mortgages that fail to comply with new consumer disclosure rules.

Goldman Sachs Group will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren't properly vetted before being sold to investors as high-quality bonds.

Commercial and multifamily originators closed $504 billion in loans last year, according to the Mortgage Bankers Association.