Amherst Securities Group (ASG) analysts, in a report released today, said that servicers are charging considerably higher rates to borrowers on Home Affordable Refinance Program (HARP) loans.
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Mayer Brown has hired Barbara Goodstein as a partner in the banking and finance practice in New York. She was formerly a partner with Dewey & LeBoeuf.
May 10 -
The Federal Reserve Bank of New York has sold the entirety of the TRIAXX CDO holdings from its Maiden Lane III portfolio to Merrill Lynch, Pierce, Fenner & Smith after a competitive bid process.
May 10 -
Freddie Mac reported new lows on 30- and 15-year fixed mortgage rates for the week ending May 10. The 30-year fixed slipped one basis point to 3.83% while 15s were two basis points lower to 3.05%.
May 10 -
Zipcar has renewed its ABS program with Credit Agricole. The program was first announced in May 2010 and extended in May 2011.
May 10 -
Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg will be delivering the keynote address at the American Securitization Forum's (ASF) annual meeting.
May 10
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Decisions such as the definitions for qualified mortgage and qualified residential mortgage are being made in isolation that will have unintended consequences when they are rolled out, such as limiting competition between private mortgage insurers and the Federal Housing Administration, an executive with Genworth Mortgage Insurance told attendees at the Mortgage Bankers Association’s National Secondary Market Conference in New York.
May 9 -
SpringLeaf Finance Corp., which is partly controlled by the U.S. government, has entered into another round of layoffs, and may have to file for bankruptcy protection, according to industry advisors close to the company.
May 9 -
Industry vendor CoreLogic has decided to close its appraisal management company in Danvers, Mass., according to a memo obtained by ASR's sister publication National Mortgage News.
May 9 -
Moody's Investors Service will rate the new U.K. RMBS deal issued from Santander U.K.'s Fosse Master trust.
May 9 -
Forget credit cards or mortgages. Mike Slocum wants to offer you a loan against your new jail cell door.
May 9 -
On Tuesday, the New York state court hearing the $8.5bn Countrywide settlement case said it will limit the number of loan files to be requested from Countrywide to between 150 and 500.
May 9 -
Bill King joined Carrington Holding Co. as its chief investment officer and head of asset and risk management.
May 9