The bureau's rules will further increase compliance costs and can result in midsized and smaller servicers joining forces.
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The estimated price of whole loans securing commercial mortgage-backed securities was 88.7% in August, up from 88.1% in July, according to DebtX, Boston.
October 5 -
Federal regulators are targeting another financial firm in connection with its mortgage activities before the housing crisis.
October 5 -
Two Democratic senators are urging federal regulators to reconsider a proposal that would require certain MBS issuers to maintain a reserve account during the life of a private mortgage securitization.
October 5 -
Both upper and lower coupons had their days in the sun this week. Over Monday and Tuesday it was lower coupons that outperformed; over Wednesday and Thursday it was up in coupon that led, and on Friday into mid-day the entire stack was doing well.
October 5 -
Foreign covered bonds that target U.S. investors are increasingly coming to market. The latest deal from NordLB will access U.S. investors via the 144A market but issuers have recently explored other options.
October 5
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Portuguese household incomes would feel the strain of a proposed hike in income tax, which would in turn have a knock-on effect on arrears and default levels in the RMBS transactions, according to an Oct. 5, Fitch Ratings report .
October 5 -
Prepayment speeds slowed less than expected in September . For example, 30-year FNMAs and GNMAs were projected to decline 11-12% with a four day lower day count a major factor; however, speeds slowed just 9% on FNMAs and 6% on GNMAs.
October 5 -
The Federal Housing Finance Agency (FHFA) is seeking public input on its white paper regarding a proposed framework for a common securitization platform and a model Pooling and Servicing Agreement.
October 5 -
Multifamily mortgage origination volume increased 60% in 2011 over 2010, with $110 billion in loans produced, according to the Mortgage Bankers Association.
October 4 -
Credit card delinquencies fell to 2.93% in the second quarter, the lowest level since 2001, according to the American Bankers Association.
October 4 -
Ally Bank is marketing a $680mln auto dealer floorplan securitization from its master trust.
October 4 -
Freddie Mac reported 30-year fixed mortgage rates fell four basis points to a new record low of 3.36% with an average 0.6 point in the week ending October 4.
October 4