Fannie Mae late Friday finally had something to say about Bank of America's announcement that it would no longer sell new purchase money loans to the GSE: it hopes to resolve the buyback disputes between the two parties.
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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.
April 18 -
Construction of new single-family homes fell flat in March after dropping 9% in February, according to government figures released Tuesday morning.
April 18 -
More than five months after the Home Affordable Refinance Program (HARP) 2.0 was announced and there is not much seen in terms of the program's impact on prepayment data, according to FTN Financial in a report released yesterday.
April 18 -
More than 85% of the properties included in Fannie Mae's first REO rental pilot program are already teneted, Barclays Capital analysts reported in their latest securitization report.
April 17 -
Bankrupt bond insurer Ambac Assurance Corp. has sued Bank of America over MBS that have gone sour.
April 17
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The residential mortgage division of Ally Financial missed a scheduled payment on its debt Tuesday, laying the ground work for an eventual default if the payment is not made quickly.
April 17 -
Political pressure backed with money can be very persuasive in Washington and it may provide relief for some underwater borrowers with Fannie Mae and Freddie Mac loans.
April 17 -
Assured Guaranty is saying Moody’s Investors Service should upgrade its bond insurance subsidiaries rather than continue to consider downgrading them.
April 17 -
CoreLogic has gained approval from Standard & Poor's to provide third-party due diligence for RMBS rated by the agency.
April 17 -
Payments made by tobacco companies in 2012 under the master settlement agreement (MSA) largely met official estimates, it was announced Monday.
April 17 -
This week auto issuance is once again driving volume in the ABS market with deals from Ford Motor Credit Co., Honda Motor Co. and BMW.
April 16 -
A Consumer Financial Protection Bureau (CFPB) proposal would protect certain information banks provide to the agency, but one prominent group is claiming CFPB doesn't have a right to the information in the first place.
April 16