A federal appeals court last week revived a previously dismissed class-action lawsuit against four financial institutions brought by investors that purchased a $1.32 billion offering of MBS that later turned sour. The U.S. Court of Appeals for the Second Circuit vacated and reversed a lower court’s decision to dismiss the case two years ago against the Royal Bank of Scotland Group, Deutsche Bank AG, Wells Fargo Advisors and NovaStar Mortgage. The New Jersey Carpenters Health Fund was lead plaintiff. In 2007, the New Jersey fund sued...

New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.

Loans funded in California continue to dominate Fannie Mae and Freddie Mac purchases and MBS, according to a new analysis from Inside The GSEs.

A former loan trader at Goldman Sachs has launched a new subprime mortgage company offering LTVs as high as 75 percent.

Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.

FHFA director Ed DeMarco is promising that changes are coming to how the GSEs use mortgage insurance and force-placed insurance.

The mortgage industry is bracing for a 70 basis point guaranty fee from Fannie Mae and Freddie Mac.

Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.

The mortgage operations of banks and thrifts posted record earnings in 2012, but the momentum may be behind the sector.

Freddie Mac wants to move more REO properties and plans to expand out its stable of financial options and lenders.