Moody’s Investors Service is proposing changes to ratings and rating methodologies for public finance bonds secured by mortgages guaranteed or insured by third parties such as states, the federal government, or government sponsored entities.
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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
- Europe
European fixed-income investors said that more fiscal measures are needed to solve the eurozone crisis, according to Fitch Ratings' just published, quarterly investor survey of asset managers' outlook for the credit markets.
May 9 -
Mortgage application activity recorded a modest 1.7% increase in the week ending May 4 as mortgage rates set new historical lows.
May 9 -
Cairn Capital has appointed Philippa Charlton to form part of its ABS team. She will focus mainly on building its secured funding asset management or SFAM unit, according to several published reports.
May 9 -
A suit that started with over a dozen plaintiffs against MBIA is down to two after Natixis Financial Products withdrew from the suit Monday.
May 9 -
One of the architects of the $26 billion settlement with five major servicers expects some borrowers will see the principal balance of their mortgages reduced by over $100,000.
May 8 -
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