A diverse group including troubled borrowers, low-income renters, mortgage-bond issuers and investors in those bonds will get a boost from new Treasury efforts to keep capital flowing in the mortgage market.
Bank of America Corp. failed to win dismissal of two government lawsuits in which it's accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.
JPMorgan Chase & Co. is planning a $303.7 million sale of U.S. home-loan bonds without government backing, adding to evidence that the market for the securities is beginning to pick up steam.
Freddie Mac has long struggled to compete with larger rival Fannie Mae because the former's mortgage-backed securities trade at a discount to the latter's. Their new regulator may change that.
Collateralized loan obligations outperformed in the crisis. If regulators can exempt a vast swath of mortgages from risk-retention requirements, surely they can do the same for senior, secured corporate loans.
Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.
SunTrust Banks in Atlanta said its quarterly profit rose 16% as it made more commercial loans.
Behind Citigroup's first-quarter results that momentarily pleased investors are darker signs: rising legal and restructuring costs that take away from efforts to reenergize revenue.
Bank of America Corp. boosted Chief Executive Officer Brian T. Moynihan's compensation 17 percent to $14 million for last year as profit more than doubled.
JPMorgan Chase's large and diversified operations -- including auto lending, wealth management and one-time sales of assets -- helped it shrug off its most recent round of eye-popping settlement and other costs.
JPMorgan Chase and Wells Fargo kicked off bank earnings season with decidedly mixed results. Both were solidly profitable, but their methods for remaining so suggest that smaller rivals may have a hard time following suit. American Banker editors discuss the results and what they say about the industry's prospects for the year ahead.