The nation’s affordable-housing shortage is fueling a fast-growing corner of the municipal bond market, as lenders securitize portfolios of multifamily mortgages to free up capital for new loans. Processing Content The structure, popularized by Citigroup Inc., allows issuers in the tax-exempt market to package mortgages across multiple properties rather than finance a single development, then […]

A lender has defeated a spam-call complaint only a few months after the plaintiff mounted an attempt to certify a class of over 50,000 affected consumers.  Processing Content A California federal judge entered final judgment in favor of LoanStream this week, ending a two-year-long Telephone Consumer Protection Act complaint. The wholesale and non-qualified mortgage lender,

Mortgage delinquencies eased in the second quarter, but compared to a year ago, the numbers showed many of today’s homeowners are still struggling beneath the weight of financial strain, the leading industry trade group said.  Processing Content The delinquency rate for single-family residential units jumped 44 basis points from a year ago to a seasonally