The demand for housing is strengthening nationwide and that’s creating opportunities in the non-agency mortgage-backed bond market, said Gary Singleterry, portfolio manager GAM Unconstrained Bond Strategy.
Standard & Poor's has agreed to pay the U.S. government and two states more than $77 million to settle charges tied to its ratings of mortgage-backed securities.
Credit Suisse is up against a $10 billion lawsuit from New York Attorney General Eric Schneiderman over its alleged role in the sale of fraudulent mortgage-backed securities.
Mortgage-backed bonds offer attractive valuations and yields, especially non-Agency securities, said Mark Lindbloom.
Fed Chair Janet Yellen shares the central bank's latest thinking on interest rates, jobs and inflation.
U.S. markets opened slightly higher Wednesday as traders wait to see what the Federal Reserve has to say on interest rates.
Housing markets have bottomed in peripheral Europe making this a good time to own Spanish residential mortgage backed securities.
The Department of Justice is prepared to end its probe into Citi over the sales of troubled mortgage securities before the recession.
Trulia's chief economist, Jed Kolko, says buying a home in 2014 will be less affordable as prices continue to rise and rental activity picks up in urban areas. TheStreet's Ruben Ramirez has more from Wall Street.
Bank analyst Mike Mayo has raised questions about a tiny office that plays a critical role in a controversial $8.5 billion settlement reached by Bank of America, so TheStreet's Dan Freed visited the office to see for himself.