In a last-minute reversal, David H. Stevens, the president and chief executive of the Mortgage Bankers Association (MBA), will remain at the trade group rather than departing to run SunTrust Mortgage, as he announced plans to do a month ago.
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For the week ending Aug. 23, Freddie Mac reported that rates were at their highest level since the last half of June when they were at 3.66%.
August 23 - Europe
The region's investor-placed securitization issuance reached €44 billion in the first seven months of 2012. This decreased roughly 10% from the same period in 2011, Standard & Poor's said.
August 22 -
The acquiring firm also appoints Andrew Platt to its executive team as head of business development.
August 22 -
The GSE issued a “request for proposal” or similar document to potential vendors late in the spring and anyone receiving it was asked to sign a nondisclosure agreement about its contents.
August 22 -
The Menendez-Boxer bill that would allow more Americans to refinance their mortgages has stalled in the Senate amid a partisan dispute.
August 22
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Fitch subjected its ratings on prime auto loan ABS to two stress scenarios, which are moderate and severe.
August 22 -
Royal Bank of Scotland analysts think that the current price levels may limit the chances of a sustained rally through yearend, even if market conditions stay comparatively stable.
August 22 -
The Mortgage Bankers Association reported the Refinance Index fell 9.2% or 467 points to 4610, the lowest the index has been since the week of the July 4 holiday.
August 22 - Europe
Moody's seeks market feedback on its new approach to assessing impact of country credit deterioration on structured finance deals.
August 21 -
The new guidelines streamline documentation requirements, waive deficiencies for borrowers who have completed a short sale and set standard payments for subordinate lien holders.
August 21 -
The company said it will use the proceeds to “fund the continued growth of its correspondent lending business and to acquire additional mortgage loans or other investments."
August 21 -
LPS will now offer RentRange reports to clients looking for accurate rent projections for real-estate-owned properties.
August 21