Servicers that work on delinquent Federal Housing Administration-backed mortgages are becoming more proficient at short sales, FHA said in a recent 3Q12 report to Congress.
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Reporting on the hurricane’s potential impact in the securitization world, Nora Colomer cited CoreLogic’s estimate that nearly 284,000 homes in the Mid-Atlantic region, valued at about $87 billion, were at risk of property damage.
November 12 -
Because of storm damage, many loans currently hedged in pipelines will ulti
November 11 -
Walter Investment revealed that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.
November 10 -
The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.
November 10 -
The decision means that the company must now prepare to go to trial to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in its sale of RMBS.
November 10
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This week came alive on Wednesday as investors responded to the re-election of President Barrack Obama and the October prepayment reports released late afternoon on Tuesday.
November 9 -
Fannie Mae – which has recovered billions of dollars in damages from mortgage bankers on buyback requests – is cutting down on due diligence reviews.
November 9 -
CNH Capital America will issue under its CNH Equipment Trust 2012-D.
November 9 -
Lease transactions are increasingly making up a larger portion of auto ABS issuance and offer investors a good alternative to auto loan ABS, Credit Suisse analysts said.
November 9 -
New Penn Financial this week unveiled a new Jumbo loan that will likely wind up in MBS issued by its affiliate Shellpoint Partners.
November 9 -
U.S. financial institutions will not be required to start complying with Basel III capital and liquidity requirements by Jan. 1, according to a joint statement issued by regulators on Friday.
November 9 -
Santander Consumer Bank AS is marketing a $809 million securitization of Norwegian auto loans called Bilkreditt 3 Limited that will offer investor notes denominated both in euros and Norwegian kroners.
November 9