Freddie Mac began purchasing Home Affordable Refinance Program (HARP) 2.0 loans in January and by the end of the first quarter had acquired $5 billion of these refinances, according to the company’s first-quarter securities filing.
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Santander Consumer USA plans to sell a $1.4 billion auto ABS under its Santander Drive Auto Receivables Trust 2012-4.
June 22 -
The housing slump will continue as student loan debt rises, according to analysis from the National Association of Home Builders.
June 22 -
The European Covered Bond Council (ECBC) stated that it welcomed yesterday’s announcement by an investment banking group that these institutions are committed to helping ensure the successful launch of the ECBC Covered Bond Label.
June 22 -
A federal judge from the the U.S. District Court, Southern District of New York yesterday approved a $40 million settlement in an MBS class action lawsuit against individuals formerly affiliated with Lehman Brothers Holding. The company went bankrupt in September 2008.
June 22 -
The mortgage servicing industry has lost the benefit of the doubt with judges, regulatory agencies and attorneys representing debtors, and according to a panel of industry experts, proper documents and filing procedures are a critical tool for buyers and sellers to make the most of investment opportunities in distressed and delinquent mortgage portfolios.
June 22
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Moody’s Investors Service downgraded several key U.S. banks late Thursday, impacting the ABCP operations of these banks.
June 22 -
Fitch Ratings thinks that the Federal Housing Finance Agency’s (FHFA) plans to clarify the rules on putback requests might be positive for the U.S. housing market if it leads to lending beyond the “pristine” borrower profile.
June 21 -
Six out of 10 homeowners who received a loan modification stopped paying their mortgage again after 18 months, but there may be a modest silver lining buried in the high recidivism rates.
June 21 -
Full-service loan advisor DebtX has announced that it plans to sell more than $358 million of participations, loans, and leases from the Tennessee Commercial Bank receivership on behalf of the Federal Deposit Insurance Corporation (FDIC).
June 21 -
The Consumer Financial Protection Bureau (CFPB) is coming under industry pressure to delay finalizing a merger of the RESPA/TILA mortgage disclosure forms until the qualified mortgage and qualified residential mortgage rules are finalized.
June 21 -
Freddie Mac reported 30-year fixed mortgage rates set new historical lows for the week ending June 21 at 3.66% with an average 0.7-point.
June 21 -
Robert A. Harris has joined due diligence provider Clayton Holdings as general counsel, according to a release from the firm.
June 21