Securitization

Five Oak Investment Corp, a real estate investment trust that manages a portfolio of agency and nonagency RMBS, is back with a second securitization this year, according to Kroll Bond Rating Agency.

Cherry Hill Mortgage Investment Corp. has purchased its first mortgage servicing rights portfolio, with an aggregate unpaid principal balance of roughly $1.4 billion.

Bank of America has agreed to pay $335 million to settle a lawsuit claiming it misled shareholders about risky mortgages and its dependence on the electronic mortgage registry known as MERS.

Canadian Imperial Bank of Commerce said there's "no merit" to a lawsuit filed by a unit of Cerberus Capital Management LP accusing the bank of defaulting on payments tied to U.S. real estate.

Deutsche Bank is exiting agency residential mortgage-backed securities trading as part of a larger strategic plan announced Thursday that cuts thousands of positions in numerous business lines worldwide.

Freddie Mac is preparing its fourth offering of bonds offloading exposure to actual losses on mortgages that it ensures, according to Fitch Ratings.

The first securitization of single-family rental properties appears to be at risk of a maturity default.

The commercial real estate loans that underlie commercial mortgage-backed securities posted a modest increase in price from August to September, according to DebtX.

The Department of Housing and Urban Development plans to sell about $1.3 billion of nonperforming residential loans next month.

Residential mortgage-backed securities servicers are improving their processes despite generally adverse market conditions, Fitch Ratings found.

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NCUA said it has entered into an agreement under which investment bank Barclay's Capital will pay $325 million to resolve claims arising from losses related to the purchase of faulty residential mortgage-backed securities by corporate credit unions.

Fannie Mae's latest offering of Connecticut Avenue Securities, its last of the year, is the first to offer exposure to actual losses on residential mortgages that it insures.

Housing finance reform in Congress is stalled, but Fannie Mae and Freddie Mac (often under pressure from their regulator) are forming partnerships, developing new products and finding ways to share risk with the private sector to correct flaws in the housing system.

Ginnie Mae's limited resources are going to be focused on working with its existing issuers, especially those that are not creating new securities, according to its president.

Greg Reiter, Wells Fargo's head of residential mortgage research who spent more than 25 years specializing in bonds backed by home loans and other securities, has died. He was 52.

The servicing industry is also facing higher capital requirements under the Basel III accord that are being phased in.

Ditech Financial is tapping the securitization market to fund advances of principal and interest payments to mortgage bondholders.

B2R Holdings, the parent company of B2R Finance, which lends to landlords, has rebranded as Lending.com.

The issuance of U.S. prime jumbo residential mortgage-backed securities has already surpassed the 2014 total, according to Fitch Ratings.