Securitization

Home Partners of America is securitizing a portfolio of single family rental homes with a unique feature: the tenants lease-to-own.

Steven Abrahams, Deutsche Bank AG's head of U.S. mortgage bond and securitization research, is leaving this month after almost six years at the bank as it pulls back from those markets, two people with knowledge of the matter said.

Barclays Plc is exiting residential mortgage and commercial mortgage backed securities trading and asset-backed derivative in the U.S., according to a memo seen by Bloomberg. Operations will be focused on origination-led ABS and primary CMBS.

Goldman Sachs Group Inc.'s fourth-quarter net income dropped 65% because of the costs to settle a mortgage probe.

Societe Generale SA is pulling back from the U.S. mortgage bond business just two years after building out the unit, according to two people with knowledge of the matter.

Mortgage real estate investment trusts will be hurt modestly in the long run, now that they have been excluded from membership in the Federal Home Loan Bank System, according to Fitch Ratings.

Goldman Sachs said it agreed to settle a U.S. probe into its handling of mortgage-backed securities for about $5.1 billion, cutting its fourth-quarter profit by about $1.5 billion.

Spreads widened on Freddie Mac's latest offering of Structured Agency Credit Risk securities as investors demanded additional compensation for taking on the credit risk of mortgages insured by the company.

Community bankers and credit unions scored a significant victory while others in the mortgage industry lost out in the Federal Housing Finance Agency's final rule establishing membership standards for the Home Loan banks.

Private-label investors in residential mortgage-backed securities should be at only modest risk for noncompliance with TILA-RESPA integrated disclosure requirements, according to Fitch Ratings.

Amherst Holdings plans to market $400 million worth of bonds backed by single-family rental homes, according to Trepp.

The agency scrapped a part of its 2014 proposal that would have required Home Loan Bank members to maintain a certain percentage of residential mortgage assets in order to keep their membership. But the agency held fast on a provision that would disqualify captive insurance firms from membership.

Walker & Dunlop has agreed to acquire the other half of a commercial mortgage-backed securities joint venture it has with Fortress Investment Group.

The commercial mortgage-backed securities delinquency rate finished 2015 at a six-year low, according to Fitch Ratings.

CrediFi, a New York-based provider of commercial property data, is launching CMBS Suite, which it said is an information resource for lenders looking to refinance securitized commercial mortgages.

A flattening of the yield curve could spell good news for the mortgage market, according to Fitch Ratings.

The Federal Reserve's interest rate increase has commercial real estate debt and equity financing players even more upbeat about their prospects in 2016.

KeyCorp is hiring Royal Bank of Canada's head of mortgage-bond trading, Joe Vaccaro, and structured products salesman Mike Corsi as the regional lender expands its bond business, according to three people with knowledge of the matter.

Two Harbors is marketing its first residential mortgage securitization of the year, according to Fitch Ratings.

The delinquency rate on commercial mortgage-backed securities rose slightly in December, according to Trepp.