Chicago is the latest city to pass a resolution to hold hearings on whether to use eminent domain to seize underwater mortgages from private investors.
-
Refinancing activity increased slightly in the week ending Sept. 14 as new lows in mortgage rates were set.
September 19 -
United Auto Credit and Westlake Financial Services are both planning to sell their respective ABS deals.
September 18 -
The OCC this week issued new guidance to federally chartered banks and thrifts that are lending money to buyers of REO to turn those units into rentals.
September 18 -
JPMorgan Chase Bank-sponsored Scholar Funding Trust 2012-B will be issuing class A notes worth $235 million rated by both Moody's and Fitch.
September 18 -
A report from the FHFA inspector general noted that as of late 2011, the GSEs had placed over 300 high-risk counterparties on watch lists and stopped doing business with over 40 of them.
September 18
-
The National Association of Realtors said that it hopes the Fed’s decision to buy more MBS will lower mortgage rates and stimulate demand in the housing sector.
September 18 -
The independent third-party review firm has hired the securitization expert as general counsel, the company said in a release today.
September 18 -
The second lien market has been on the decline since the housing bust of 2008, but there’s growing evidence that business is starting to gain traction.
September 18 -
The CLO manager said today that it had tapped Jess Larsen for a new role developing and managing relationships with institutional investors in Europe and the Middle East.
September 18 -
Bradley Lerman was appointed as Fannie Mae executive vice president, general counsel and corporate secretary effective Oct. 1, the GSE said today in a release.
September 18 -
The Mortgage Bankers Association said Monday that it has hired Pete Mills as its new senior vice president of residential policy and member services effective Oct. 1.
September 17 -
Barclays Capital analysts expect that publicly placed issuance for 2012 in the European asset-backed market will exceed their original forecast.
September 17
