PennyMac has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers, according to a recent SEC filing.
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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 -
Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the MBA.
November 21 -
CREL CDO delinquencies registered their first rise since May 2012, Fitch Ratings reported based on its latest index results.
November 21 -
The affected securities are backed by first- or second-lien residential mortgages, private student loans, RMBS, CMBS and ABS, the agency said.
November 21
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S&P/Experian composite default index went up nine basis points to 1.55% in October, although has dropped 60 basis points year-over-year.
November 21 - Europe
The newly formed association aims to contribute to securitization's improvement believing that a well-functioning marketplace is key for the financing of Dutch mortgage debt.
November 20 -
The move to raise the premium should not become a considerable impediment to refinancing for most FHA borrowers since they can still apply for a mortgage.
November 20 -
New York Attorney General Eric Schneiderman has filed a lawsuit against Credit Suisse for allegedly deceiving investors in MBS.
November 20 -
Most of a lawsuit that charges Barclays with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.
November 20 -
The agency's president Ted Tozer said the government guarantor has enough cash reserves to handle any potential losses.
November 20 -
ResCap won court approval to sell its mortgage-servicing unit to Ocwen for $3 billion after putting off a fight with loan investors and resolving other objections.
November 20