One issuer says inclusion of enhanced reporting is the first step toward putting the entire RMBS platform on the blockchain.
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Increased purchase activity countered a slowdown in refinance applications, which were impacted by rising rates.
October 13 -
Two Wall Street firms and a single-family rental investor have purchased portions of the government-sponsored enterprise's latest nonperforming loan package.
October 12 -
Chapter 7 and Chapter 13 make up about 48% and 31% of the borrowers in the pool, respectively, while non-bankruptcy borrowers make up 21% of the pool.
October 12 -
The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.
October 12 -
Banks, credit card issuers and debt collectors all supported the Consumer Financial Protection Bureau’s revised regulations. But they face a steep learning curve in complying with the rules, which take effect Nov. 30.
October 11
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The entire pool is comprised of fixed-rate, fully amortizing mortgages, with an average balance of $901,373. They are also first-lien loans.
October 8 -
Climate First Bank in St. Petersburg, Florida, is offering loans for condominium improvements that will reduce carbon emissions while fortifying buildings against serious weather events. More banks may implement similar programs in the years ahead.
October 8 -
One issuer says inclusion of enhanced reporting is the first step toward putting the entire RMBS platform on the blockchain.
October 8 -
The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.
October 7 -
Those leaving forbearance or other relief plans generally had higher credit utilization rates, were more likely to have mortgages, and experienced lower levels of bank card delinquencies, according to TransUnion.
October 7 -
The loans are related to just one timeshare site in Las Vegas, Nevada, called the Tower 52 Vacation Suites. The loans were originated under an agreement with Hilton Resorts.
October 7 -
However, economic data points to likely future increases, with investors awaiting numbers from upcoming jobs report.
October 7












