Securitization

The new Pimco managers of the world's largest bond fund are embracing the mortgage securities that Bill Gross shunned.

Ocwen Financial's termination as servicer of two residential mortgage securitizations has no immediate impact on the strength of the company, but it does set a "negative precedent" that could eventually lead to the servicer being fired from more deals, Moody's Investors Service warns.

Apollo Commercial Real Estate Finance has priced a secondary offering of 10 million shares of common stock at $17 per share.

Michael Stegman, a top housing policy adviser, urged regulators on Thursday to bring more private capital into the market, even in the absence of legislative momentum.

JPMorgan's follow-up RMBS to its first securitization of 2015 involves a much smaller pool of mortgages.

Wells Fargo priced $927 million of commercial mortgage securities via its Wells Fargo Commercial Mortgage Trust 2015-C27 series, according to a pricing document.

The Massachusetts Development Finance Agency issued tax-exempt bonds totaling $95.5 million for six affordable housing development projects in Boston.

Morgan Stanley said New York Attorney General Eric Schneiderman intends to sue the company, alleging it misrepresented or omitted information when underwriting 30 subprime securitizations.

Embattled mortgage servicer Ocwen Financial faces up to $26 billion in damage claims by bondholders and a greater risk of being fired as a mortgage servicer on thousands of small, private-label trusts.

Standard & Poor's had more than two times more upgrades than downgrades in 2014.

Fresh questions are being asked about the role of investors in the rental market and how their eventual exit may impact mortgage lending, property values and the economic recovery.

Some nonbanks feel capital requirements discourage diversification among market participants and their participation in the market because they put more constraints on their financial options and bar smaller players.

Morgan Stanley agreed to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities, as the U.S. Department of Justice holds another large Wall Street firm to account for the 2008 financial crisis.

Wells Fargo is offering $1 billion of commercial mortgage bonds via the WFCM 2015-C27 conduit, according to a Kroll Bond Rating Agency presale report.

A rally in a growing type of Fannie Mae and Freddie Mac securities is vindicating Invesco Mortgage Capital Inc.'s decision to be a big player in the market.

American Homes 4 Rent is pushing the maturity envelope with its latest single-family rental securitization.

With the economy recovering, Chris Hurn saw an opportunity to start another company focused on Small Business Administration 504 loans — his longtime specialty — and spread the word to business owners about the benefits of owning their facilities.

New Residential Investment Corp., a U.S. real estate investment trust, agreed to buy Home Loan Servicing Solutions for about $1.3 billion.

Recent court decisions against Fannie Mae and Freddie Mac shareholders have put to rest the notion that the two mortgage giants exist as anything but instrumentalities of the U.S. government, according to a report by Kroll Bond Rating Agency.

If you want to know what a Greek exit from the euro would do to the €16.7 billion ($19 billion) of bonds out there backed by Greek assets, a good place to start is Argentina.