The consumer default rate on first mortgages declined by six basis points in February from January and by 43 basis points when compared with February 2011, the S&P/Experian Consumer Credit Default Indices showed.

March 20
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  • The first bulk sale of 2,500 Fannie Mae REO properties will sell at a discount to single assets, but has the potential to drive prices up after the first $10 billion to $20 billion in foreclosed homes are sold to institutional investors and converted to rentals, according to the Amherst Securities Group (ASG).

    May 8
  • Lenders, for the first time, are facing the possibility of paying "actual damages" as a result of the “qualified mortgage” (QM) definition, an attorney warned attendees at the Mortgage Bankers Association's (MBA) National Secondary Market Conference in New York.

    May 8
  • Mortgage originations will fall to their lowest level in five years in 2012, according to the latest forecast by the Mortgage Bankers Association (MBA).

    May 8
  • Moody's Investors Service has updated its structured finance CDO methodology. These deals' ratings consider the credit assessments of non-Moody's rated assets that are inferred from the ratings given by other rating agencies.

    May 8
  • Freddie Mac released the results of its 1Q12 refinance analysis. The study showed that homeowners who refinance are still strengthening their fiscal position.

    May 8
  • An executive at Redwood Trust — the only active Jumbo MBS issuer out there — said the firm has been able to expand its business despite challenges, including the government’s continued domination of the market.

    May 8
  • Mayer Brown has hired David Stewart as a partner in its real estate practice. The new hire was formerly a partner with Latham & Watkins in New York.

    May 8