A true bottom has formed under house prices but that assumption could be challenged later this year as the share of distressed sales once again outpaces home sales during the fall and winter months, according to Wells Fargo.
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Servicing balances totaled $9.19 trillion at June 30, compared to $8.9 trillion at March 31.
August 31 -
Standard &Poor's said today that used vehicle sales are likely to increase more than 2% y/y in August to 3.9mn units, signaling continued auto loan originations and ABS issuance.
August 31 -
But the GOP statement of principles offers no specifics on how Fannie and Freddie should be “wound down.”
August 31 -
The high yield bond market isn’t the only corner of the debt universe to defy the traditional sleepiness of August this year and keep churning out deals—the leveraged loan and CLO markets have declined to take their summer siesta as well.
August 31 -
This week's primary influencing factor on trading was Friday's address by the Federal Reserve chairman at the annual Jackson Hole Economic Policy Symposium.
August 31
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The new IRS reporting requirements are set to come into effect next year and would subject certain deals to 30% withholding tax.
August 30 -
loanDepot.com said today that it has securitized its first pools of mortgage loans guaranteed by Freddie Mac and Ginnie Mae.
August 30 -
Last month two bidders were eyeing Freddie Mac mortgage servicing rights once owned by Taylor, Bean & Whitaker. But it appears the sale may have stalled.
August 30 -
Waypoint Homes has begun purchasing REO single family homes in the Atlanta area with the intent of converting the properties into rentals.
August 30 -
Kevin Cooke Jr. has joined Carrington as managing director.
August 30 -
mortgage rates turned lower in the week ending August 30 as yields rallied last week in response to the FOMC minutes.
August 30 -
Moody's Investors Service said today that it will rate Motor 2012 PLC, a car loan securitization deal issued by Santander U.K.
August 30