Increased adverse selection in pre-2005 RMBS mortgage pools has led to higher delinquencies for pre-2005 loans, according to a Fitch Ratings report.
-
Although trade group officials and certain lobbyists are hearing reports that the rule might be out before November’s end, others believe mid- to late December is more likely.
November 5 -
More than $1.5 billion in loans resolved pushes the delinquency rate to fall 30 basis points, it's largest drop in 14 months. Trepp is expecting this trend to continue in the upcoming months.
November 5 -
Freddie Mac said today that it expects its fifteenth multifamily CMBS from its K multifamily series of deals to price this week.
November 5 -
The market has been focusing on the U.S. Presidential elections since the results will affect outlooks for different key issues including the fiscal cliff, BofA Merrill analysts said.
November 5 -
MetLife Bank said late Friday it will sell its $70 billion residential servicing portfolio to JPMorgan Chase for an undisclosed sum.
November 5
-
In the wake of Hurricane Sandy, delinquency rates are expected to rise in RMBS deals.
November 5 -
Volume in MBS trading was at less than two-thirds of normal as a result of thinly staffed trading desks and the market shutdown.
November 2 -
According to Barclays, the recent Senior Loan Officer Opinion Survey highlighted the continued strength of consumer lending.
November 2 -
If loss estimates for Hurricane Sandy fall in the range of $5 billion to $10 billion that one catastrophe modeling firm, EQECAT has estimated; the storm is unlikely to jeopardize capital for major property and casualty insurance companies or reinsurance companies, said Moody’s Investors Service.
November 2 -
Citgroup Global Markets said that the number of RMBS delinquencies that eventually default resulting from Hurricane Sandy will mostly depend on how much damage will be covered by insurance.
November 2 -
Ally Bank is vowing to carry on in the residential finance sector, albeit in a reduced role.
November 2 -
Redwood Trust, the most active securitizer of Jumbo loans in the nation, earned $40 million in the third quarter – double of what it took in 2Q12 – and unveiled plans to ramp up non-agency loan production over the next 12 months and beyond so it can securitize $300 million or more each month.
November 2