The Mortgage Bankers Association reported a 13.5% jump in the Refinance Index to ~3935 for the week ending April 13. This is its highest level since the week ending March 9.
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Home prices – including distressed sales – increased in April for the second consecutive month (by 2.2%), the first time this has happened in almost two years, according to new figures compiled by CoreLogic.
June 5 -
Greece's RMBS sector would be one of the victims of the country's exit from the eurozone, which appears increasingly likely in the run-up to June 17 elections between parties supporting and opposing austerity measures, a condition of the country's bailout.
June 4 -
A federal judge Friday agreed to consolidate two suits National Credit Union Administration (NCUA) has brought against Wall Street banks for their sale of faulty RMBS that went bad and helped cause the failure of U.S. Central Federal Credit Union and WesCorp Federal Credit Union, the two biggest of five corporate credit union failures.
June 4 -
Foreclosure sales have been declining for more than a year, while short sales have been gaining ground, according to a CoreLogic economist.
June 4 -
BlackRock has launched its global real estate securities capability, which is an investment platform born from BlackRock's experience in the real estate investment business.
June 4
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Issuance of collateralized loan obligations, which had been running well ahead of last year’s levels, now appears to be on hold until credit markets stabilize, according to Bank of America Merrill Lynch.
June 4 -
European issuers of covered bonds have sought to diversify their investor bases in recent years as European investors approach their limits in those securities, and new regulations such as Solvency II and Basel III favor issuance of covered bonds over ABS.
June 4 -
Treasury Department officials are working with the Federal Housing Finance Agency (FHFA) on ways to structure Fannie Mae and Freddie Mac MBS, allowing private investors to share in some of the credit risk on government-guaranteed securities.
June 4 -
Capacity constraints in the mortgage banking industry have been holding down prepayment speeds despite the pickup in HARP refinancings in the first quarter, according to analysts at Bank of America Merrill Lynch.
June 4 -
Standard & Poor's today issued two Request for Comment (RFC) articles on its proposed changes to its CMBS criteria.
June 4 -
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It was a record breaking week in terms of the 10-year note yield, lower coupon MBS prices and mortgage rates.
June 3
