Fannie is pressing its seller/servicers to repurchase $14.5 billion of bad mortgages but only a small portion of those buyback requests involve loans originated after 2008.
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Ocwen Financial Corp. and private equity firm WL Ross & Co. agreed on Oct. 3 that Ocwen will buy Homeward Residential Holdings.
October 3 -
The increased pace of loan resolutions for smaller loans is pushing the total delinquency rate lower, FTN Financial analysts said in a report released yesterday.
October 3 -
New York Attorney General (NYAG) Eric Schneiderman made clear Tuesday that investigators are prepared to bring more actions against institutions involved in the mortgage mess.
October 2 -
The data analytics firm reported that U.S. marketed ABS volume has reached $155.9 billion year-to-date, rising 78% from the same period last year and is the highest year-to-date volume since 2007..
October 2 -
An Oct. 1 8-K regulatory filing with the SEC stated that Maguire has lost the deed to Los Angeles office tower Two California Plaza. The company has defaulted on a loan in GSMS 2007-GG10.
October 2
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The Federal Housing Finance Agency has said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a REO pilot initiative.
October 2 -
HUD secretary Shaun Donovan has reiterated his call for regulators to finalize a qualified residential mortgage rule that does'nt limit access to “safe” loans.
October 2 -
Almost a month ago Mortgage Industry Advisory Corp. held an auction on $8 billion of Ginnie Mae servicing rights, but the firm has yet to declare a winning bidder on the deal.
October 2 -
Euro insurance companies and funds are now filling the commercial real estate lending gap that was left by banks. However, these firms might not be able to pick up all the slack, S&P said today.
October 2 -
Bear Stearns abandoned its credit guidelines for reviewing borrowers whose MBS it sold to investors over a roughly five-year period beginning in 2003, New York Attorney General Eric Schneiderman charged in a civil lawsuit filed in Manhattan.
October 2 -
Mike Perry, the chief executive at IndyMac before it was seized by the FDIC in 2008, has agreed to settle the last remaining negligence claim against him by the SEC by paying an $80,000 fine.
October 1 -
To add to the growing number of credit card ABS transactions, GE Capital today filed with the SEC to issue under its GE Capital Credit Card Master Note Trust.
October 1