The Federal Reserve Bank of New York has postponed the sale scheduled for today from its Maiden Lane III portfolio.
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Industry observers and regulators have taken note of Wells Fargo's dominance among the titans of the mortgage market.
July 10 -
While testifying before the House Subcommittee on Capital Markets and Government Sponsored Enterprises today, American Securitization Forum (ASF) Executive Director Tom Deutsch advised policy makers to thoroughly analyze how the implementation of the Dodd-Frank Act’s various rules will cause cumulative harm to the securitization market.
July 10 -
Information provider CoreLogic and FICO have together launched a consumer credit risk score that is expected to improve the quality of lending decisions and increase the number of mortgage loans lenders make.
July 10 -
The Obama administration’s refinancing programs are reaching more GSE and Federal Housing Administration (FHA) borrowers, allowing these troubled mortgagors to take advantage of historically low mortgage rates, according to a new U.S. Department of Housing and Urban Development (HUD)/Treasury Department report.
July 10 -
WASHINGTON — In its first year of operation, the Consumer Financial Protection Bureau (CFPB) has already proved to be one of the busiest regulators in Washington.
July 10
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Even before the government-controlled Ally Financial threw its mortgage division into Chapter 11 bankruptcy protection, rumors were circulating this spring that the “bank” end of the company would exit the warehouse lending arena.
July 10 -
DebtX has launched a new data service that offers analysis and insight regarding the secondary market for Commercial Real Estate (CRE) loans.
July 10 -
The Consumer Financial Protection Bureau (CFPB) Monday afternoon released its Loan Estimator form, which will eventually replace the good faith-estimate disclosure that borrowers receive three days after applying for a mortgage.
July 9 -
Bank of New York Mellon has agreed to settle a class-action lawsuit brought by investors who claimed that the company unwisely invested in a chancy investment fund.
July 9 -
The default rate of securitized private non-guaranteed student loans will be stable but high this year, according to a report released by Moody's Investors Service this morning.
July 9 -
An airport slot-backed ABS that falls under the rubric of a whole-business securitization appears to be approaching the runway. In a pre-sale today, Moody’s Investors Service said it had given a £250 million ($388 million) tranche of the deal a provisional rating of ‘A3,’ well above the ‘B1’ rating assigned to British Airways, which is linked to the payment obligations in the transaction.
July 9 -
Any attempt by municipalities to use their powers of eminent domain to seize and purchase underwater loans out of private-label MBS will face “serious legal challenges” that will take years to litigate, according to a critic of government-backed mortgage programs.
July 9