Securitization

Years after the great American housing bust, mortgages akin to the so-called liar loans — which were made without verifying people’s finances — are creeping back into the market.

About a fifth of the $163 million in credit Citi has earned under terms of the 2014 settlement would be considered extra credit. Citi can earn extra credit by doing things such as completing loan modifications early or reducing loan-to-value ratios below certain levels.

New Jersey Community Capital in New Brunswick won a Fannie Mae auction of nonperforming loans.

The price of loans that underlie commercial mortgage-backed securities rose in July on a monthly basis, according to DebtX.

American Homes 4 Rent is sticking with a feature that reduces refinancing risk in its upcoming single-family rental securitization.

The commercial mortgage-backed securities delinquency rate rose in August, reversing an improvement in the rate in July, according to Trepp.

Mortgage securitizer Ginnie Mae could get hit if a proposed deadline for filing claims on FHA-insured loans goes into effect.

Credit Suisse is taking advantage of the relative calm in credit markets Thursday to launch its second residential mortgage securitization of the year.

CMBS primary issuance won't pick up again until September, according to Barclays.

Freddie Mac announced last week that it will guarantee its second series of SB Certificates, which are backed by multifamily small-balance loans underwritten by Freddie Mac and issued by a third-party trust.

BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the homeownership rate sits at a five-decade low.

A nascent corner of the market for Fannie Mae and Freddie Mac bonds is on a roller coaster ride despite what Morgan Stanley calls the "pristine performance" of the mortgages linked to the debt.

Fannie Mae has closed a credit risk-sharing transaction, with an international reinsurance company participating in this type of deal for the first time.

Fannie Mae and Freddie Mac have a regulatory mandate to shrink. But that's easier said than done, given the GSEs' outsized presence in the mortgage industry, as their latest quarterly results show.

Ginnie Mae guaranteed $47.1 billion of mortgage-backed securities in July, setting a monthly record.

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