An independent government watchdog has a sharp message for the federal agency that must decide whether to allow principal reductions on hundreds of thousands of government-backed mortgages: Time's wasting.
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Year-to-date 2012 volume in the sector has hit $922 million versus the record $21.4 billion issued in 2011 year-to-date, Dealogic reported.
August 20 -
The New York Fed will be offering non-agency RMBS contained in Maiden Lane III through sales scheduled for tomorrow.
August 20 - Europe
The lack of new-issue supply should support and keep the near-term positive spread trends in securitized collateral, Citi said.
August 20 -
The probability of a third round of quantitative easing might have declined but it is still above its lows of the spring when odds dropped to between 20% and 30%.
August 17 -
San Bernardino County moved a step forward Thursday with its plans to restructure underwater mortgages through the use of eminent domain.
August 17
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In a letter spelling out the potential harms to the market, the American Securitization Forum said that these deals should not be classified as commodity pool operators.
August 17 -
The Treasury Department’s decision to change the terms of Fannie Mae and Freddie Mac’s bailout agreements will ensure their financial stability and that of the entire mortgage market, the Federal Housing Finance Agency said.
August 17 -
The Treasury Department on Friday said it is restructuring the terms of its investment in Fannie Mae and Freddie Mac, which could render them more dependent than ever on the government.
August 17 -
The recent weaknesses in the U.S. and struggles in the eurozone's sovereign debt loans have continued to keep prices lower for structured products, SecondMarket said.
August 17 -
BShould the FHFA raise fees high enough, it could eventually resurrect a private securitization market and shrink Fannie and Freddie.
August 16 -
The public report will be based on a tally of the relief provided so far on a state-by-state basis, monitor Joseph Smith said
August 16 -
The RUB13.2bln RMBS deal is the sixth for Russia's Agency for Housing Mortgage Lending.
August 16