Securitization

Four more Federal Home Loan Banks have won regulatory approval to participate in a program that allows member institutions to sell jumbo mortgage loans through a conduit to Redwood Trust.

Freddie Mac has begun an auction of delinquent nonperforming loans serviced by Ocwen Financial.

It was a small deal — about 220 U.S. home loans packaged into a $72 million bond offering — but it's looking like a post-crisis milestone.

Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats over the timing of government lawsuits, but some experts believe the industry may still have a shot in the Supreme Court.

New Residential Investment Corp., real estate investment trusts, residential mortgage bonds, mortgage servicing rights

The delinquency rate for commercial mortgage-backed securities was little changed from June to July, according to Fitch Ratings.

Shellpoint Partners is preparing to issue its first private-label residential mortgage-backed security since walking away from its last deal in 2013.

1st Service Solutions warned that the Las Vegas, Phoenix and Chicago markets could cause problems for commercial mortgage-backed securities investors.

United Guaranty Corp., the private mortgage insurance subsidiary of American International Group, has obtained reinsurance coverage on approximately $299 million of the book of business it wrote between 2009 and the first quarter of 2013.

delinquencies, CMBS, commercial mortgage-backed securities,Trepp

Freddie Mac's second-quarter single-family funding was the strongest it's been in a year, positioning the company to supplant the coming drop in refinancing with purchase mortgages.

Ginnie Mae has updated the procedures manual used by the custodians of documents involved in mortgage-backed securities.

Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to the Mortgage Bankers Association.

Freddie Mac has launched its first securitization of small-balance loans on multifamily properties. The 44 mortgages backing the $108 million of SB1 Certificates are underwritten by Freddie Mac and originated by Greystone Servicing Corp.

Goldman Sachs Group Inc. increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9 billion.

Goldman Sachs Group Inc. has agreed to pay around $270 million to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

The Department of Housing and Urban Development found recently that a Federal Housing Administration down payment assistance program translated to higher mortgage rates for borrowers.

The price of loans that underlie commercial mortgage-backed securities fell from May to June, according to DebtX.

The range of loan products offered by mortgage lenders and investors has been narrow since the housing crisis, but a few underserved niches are starting to make a comeback.

U.S. housing-finance reform may be even more remote thanks to a provision in the Senate's transportation bill that uses the mortgage giants as a source for funds, according to lawmakers and industry groups.