Securitization

Fannie Mae has completed a credit risk sharing transaction that transfers the actual losses on mortgages it insures — to reinsurers.

Benjamin Solomon, Deutsche Bank AG's former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.

While Congress has been unable to pass housing finance reform, Fannie Mae and Freddie Mac have done a good job of adhering to some of the spirit of recent bipartisan legislation, according to Mark Zandi, chief economist at Moody's Analytics.

Total multifamily mortgage debt outstanding rose 2.4% to $1 trillion at the end of the second quarter, according to the Mortgage Bankers Association.

Ginnie Mae may soon raise its liquidity and cash requirements for independent mortgage banking firms since it seems almost certain that Congress won't increase the agency's budget for fiscal year 2016.

Velocity Commercial Capital took steps to verify the so-called liar loan included in VCC 2015-1, a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.

Banks that want more explicit regulatory guidance on rules requiring managers to keep "skin in the game" with deals for collateralized loan obligations may be forced to keep waiting.

The Federal Housing Administration's recent determination that loans used to finance energy-efficient home improvements rank second in payment priority, behind mortgages, isn't the setback that it might seem to be.

What's it going to take to boost annual issuance of private-label RMBS roughly tenfold to $100 billion-$150 billion?

Freddie Mac has agreed to sell $1.1 billion of seriously delinquent nonperforming loans that had been serviced by Ocwen Financial.

Ginnie Mae is altering the guarantee fee structure for its Platinum program, decreasing the minimum amount needed to create a security.

Policies that seek to increase homeownership by extending more credit to homeowners are misguided, according to former Federal Housing Finance Agency chief Edward DeMarco.

U.S. mortgage securities, especially those with government backing, are being viewed as a haven for bond investors as they brace for the Federal Reserve to lift interest rates.

Equifax has agreed to provide Fannie Mae with anonymous, loan-level FICO credit scores as part of its monthly disclosure program.

American Homes 4 Rent has completed its second single-family rental securitization of the year.

Freddie Mac's next bond with exposure to actual losses on mortgages only features loans with loan-to-value ratios of over 80%.

Colony Mortgage, a real estate investment trust that specializes in "transitional," or improving property, is preparing its third securitization, according to Moody's Investors Service.

In the wake of an unprecedented U.S. housing bust that evolved into a global financial crisis, the business of bundling home loans that aren't backed by the American government into bonds that can be sold to investors has all but disappeared.

A bulk Ginnie Mae servicing deal that an undisclosed seller will put up for bid soon is one of the largest transactions seen recently in the market.

American International Group won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors about its exposure to subprime mortgages.