Finance

Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it's shaping up to be less lucrative than they had hoped.

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

Citigroup is marketing a $917 million commercial mortgage securitization, according to rating agency presale reports.

The portfolio’s structure includes a €930 million Class A notes stack carrying a floating rate coupon and provisional triple-A ratings from DBRS and Moody’s Investors Service.

Beleaguered subprime auto lender Santander Consumer USA is once again restating its financial results dating to 2013.

In the previous three years, DriveTime has not exceeded three auto loan securitizations in one year. With three months remaining in 2016, the subprime auto lender is already on deal No. 4.

In its new 2016-4 transaction, Towd is collateralizing 3,383 formerly troubled loans with a pool balance of $649.21 million into a nine-note structure. The pool includes 39% “dirty current” loans, or those which are paid up-to-date, but have had a recent delinquency or incomplete paystring.

Fannie Mae and Freddie Mac want to make it easier for owners of older apartment buildings to make energy efficient upgrades.

J.P. Morgan Mortgage Trust (JPMMT) 2016-3 is a $395.4 million notes structure consisting of 553 loans for homes primarily in California and major cities like New York, Boston and Washington, D.C. Fitch has issued preliminary 'AAA' ratings to the senior notes.

Freddie Mac is taking advantage of favorable market conditions to tee up another offering of securities transferring the credit risk of residential mortgages that it insures.

It's shaping up to be a solid year in the U.S. housing sector. But beneath this calm surface, the U.S. mortgage industry is facing a crisis.

Wells Fargo’s new commercial mortgage securitization of $757.1 million in notes includes backing from a key property centered on gentrification efforts in Queens.

Fannie Mae obtained reinsurance on $14.4 billion of residential mortgage through its Credit insurance Risk Transfer program.

A pool of credit card receives issued by Group BPCE’s Natixis Financement unit are being securitized in the second-ever issuance through the Purple Master Credit Cards, FCT in France. The €651 million transaction mostly consists of €550 million in a Class A2016-1 series of notes.

Citigroup is shopping $540 million of bonds backed by a portfolio of 102 self-storage facilities.

Zopa, an online lender based in the U.K., is marketing £138 million of bonds backed by unsecured consumer loans, according to Moody’s Investors Service.

Some big investors are keeping their powder dry in the event that an exogenous event roils the financial markets; in the meantime, it’s a challenge to put money to work in assets that produce decent returns without taking on excessive risk.

Two recent court decisions that curtailed controversial debt collection and payday lending policies could wind up impacting leading marketplace lenders, no matter their distance from such abusive and predatory practices.

The expanding investor base for Connecticut Avenue Securities and Structured Agency Credit Risk notes is creating a kind of virtuous circle: as trading volume increases, banks are dedicating traders to the asset class