Lenders facing legal challenges with respect to possible violations of the “ability to repay” standards in the qualified mortgage rule likely will face significant loan repurchase requests from Fannie Mae and Freddie Mac, as well as rescissions in coverage by mortgage insurers, according to the Clearing House Association (CHA).
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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
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The agency’s proposal exempts small servicers from just one of the nine categories in the proposal.
August 29 -
U.S. District Judge Sidney Stein in Manhattan today granted preliminary approval to the agreement and ordered a hearing for Jan. 15.
August 29 -
The payment relief includes the offering of principal reductions to 28,000 borrowers and the refinancing of underwater loans.
August 29 -
The Mortgage Industry Advisory Corp. is offering the portfolio in a one-round, sealed bid auction set for Sept. 24
August 29 -
The SEC wants R.R. Donnelley & Sons to turn over certain due diligence records the firm prepared for investment banks that underwrote the ResCap MBS.
August 29 -
The industry veteran,who most recently served as a senior research fellow at Standard & Poor's, has left the firm to pursue other interests.
August 29
