Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in RMBS it had issued during the run-up to the financial crisis.
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Mortgage bankers issued almost $37 billion of Ginnie Mae MBS in October, a 6% decline from the month prior.
November 27 -
Retailers that are major CMBS tenants have posted mixed results.Online retailing continues to accelerate and it’s causing a shift in the business models of retailers and by extension; it’s also causing a shift in the business models of landlords that provide space to retailers.
November 27 -
UBS claims that the FHFA waited too long to file suits that charged it and other underwriters with misconduct in the sale of RMBS.
November 26 -
Former S&P chief credit officer Mark Adelson has joined BondFactor as the firm's chief strategy officer. Today is Adelson's first day.
November 26 -
President Barrack Obama has designated SEC member Elisse Walter as the next SEC chair, the White House announced Monday.
November 26
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Cole Taylor Mortgage is seeking out MSRs packages in the range of $200 million to $500 million.
November 26 -
Deals from Sallie Mae and American Credit Acceptance are filling the ABS pipeline this week.
November 26 -
Kroll has assigned preliminary ratings to BAMLL 2012-PARK, a $300 million CMBS single borrower offering.
November 26 -
The Mortgage Forgiveness Debt Relief Act is slated to expire at the end of the year unless Congress passes a bill to continue it in the next few weeks.
November 25 -
The annual FHA actuarial report showed that loans originated after fiscal-year 2009 downward will perform much better and generate needed revenue for the agency's mortgage insurance fund.
November 25 -
The expected growth will be driven by rising auto and credit card supply, JPMorgan analysts said in a report released last week.
November 21 -
Slated for December issuance, a mortgage covered bond from Russia’s DeltaCredit Bank is being shopped to both local and foreign investors.
November 21