The agency alleged that the banks misrepresented the quality of the loans underlying RMBS that Colonial purchased.
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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
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The State Board of Regents of the State of Utah will issue a $518.7 million, taxable student loan-backed securitization.
October 4 -
NewOak has appointed Donald McGuire as Chief Operating Officer and head of investment banking.
October 4 -
The merger between T-Mobile with MetroPCS Communications is a modest credit positive for collateralized loan obligations, In terms of CLO exposure, S&P reported that MetroPCS is in 331 deals and is the 26th ranked obligor.
October 4 -
Republican presidential candidate Mitt Romney sharply criticized President Barrack Obama’s failure to finalize a “qualified mortgage” rule, which has stifled the housing market.
October 4 -
The Basel Committee on Banking Supervision has tapped Charles Taylor from the Office of the Comptroller of the Currency to chair its standards implementation group.
October 4 -
The Valuation of Securities Task Force, which is a part of NAIC assigned to make recommendations that regulate investment risk, has proposed that the economic scenarios used in the 2012 yearend modelling process for CMBS and RMBS should stay similar to 2011.
October 3 -
One other ingredient critical to Nationstar's meteoric rise is a deal it struck with Fannie Mae at the height of the mortgage servicing crisis.
October 3