Management at Ally Financial Corp. is considering throwing part of its mortgage division into bankruptcy and then executing a sale of most of its “good” assets, investment banking sources said late Thursday.
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Daiwa Capital Markets America has hired Michael Marsallo and Mark Schultz to lead its MBS passthrough desk.
May 7 -
The Education Finance Council (EFC) said that there are several factors to consider when examining the issue of U.S. student loan debt reaching $1 trillion.
May 7 -
The head of Ginnie Mae said the agency is trying to “triage” its application problem after finding out that over the past year it could approve less than half of all applicants — and that several of those who received a green light have yet to issue any securities.
May 7 -
The state of Florida signed into law a new bill designed to help protect consumers in the selling and buying of timeshare interests in the secondary market. The law will be effective on July 1.
May 7 -
The housing finance system must be given back to the companies that make mortgages and the borrowers who use them to buy homes, keynote speakers said at the Mortgage Bankers Association’s (MBA) National Secondary Market Conference in New York.
May 7
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Clayton Holdings hase hired Jenine Fitter as senior managing director of business development.
May 7 -
PHH Mortgage Corp. has entered into a strategic relationship to provide private-label end-to-end mortgage origination services and loan servicing to HSBC Bank USA.
May 7 -
CoreLogic has a new property data and analytics offering that provides enhanced insight to investors participating in the new GSE/Federal Housing Finance Agency (FHFA) REO-to-rental program and other similar private programs.
May 7 -
It's no secret that Fannie Mae and Freddie Mac are actively engaged in risk-sharing partnerships tied to their multifamily programs, but money-wise it amounts to a hill of beans.
May 7 -
In their latest U.S. Fixed Income Markets Weekly publication, JPMorgan Securities analysts examined the impact on CMBS of the potential Dewey & Leboeuf bankruptcy.
May 7 -
Jules Kroll, a corporate investigations pioneer whose namesake firm once pursued hidden assets linked to dictators Saddam Hussein and Jean-Claude Duvalier, relishes the idea of chasing down the major bond rating agencies: Moody’s Investors Service, Standard & Poor’s and Fitch Ratings.
May 7 -
Ginnie Mae wants to provide more loan-level data to its MBS investors so they can determine if the underlying mortgages were originated through a mortgage broker or some other third-party channel.
May 7