When foreclosure and short sales are excluded from the CoreLogic home price index, it shows that values declined just 0.6% over the 12 months ending Nov. 30.
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Bank of America Thursday afternoon confirmed that it will no longer sell any new purchase money mortgages to Fannie Mae — though it will remain a Home Affordable Refinance Program (HARP) lender.
February 23 -
Banks unloading real-estate-owned properties face some tough choices, such as whether to auction off homes or sell them to investors, and whether to fix them up first. But whatever they decide, the real challenge is to avoid dragging down property values from their already-depressed 25% to 30% discounts.
February 23 -
Nationstar Mortgage, Lewisville, Texas, is in the hunt for Aurora Loan Services (ALS) and appears to be the leading bidder at this point, according to investment banking advisors close to the situation.
February 23 -
Fixed mortgage rates moved higher in the week ending Feb. 23 in response to the recent sell-off related to favorable economic news and progress on Greece.
February 23 -
The news that Pacific Investment Management Co. (PIMCO) dropped out of the American Securitization Forum (ASF) highlights the growing discontent among securitization buyside members who feel they have no real voice within the organization.
February 23
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Philips Electronics N.V. is in the market for a $431 million credit tenant lease. The Netherlands-based electronics giant looks to expand its physical presence at a research and development campus, a source said.
February 23 -
The nation's new housing commissioner has a message for the mortgage industry: Federal Housing Administration (FHA) insurance guarantees are falling – and that's a good thing.
February 23 -
The Federal Reserve Bank of New York is reportedly asking for bids for the remaining RMBS in its Maiden Lane II (ML II) portfolio.
February 22 -
The Obama Administration is pushing back against a recent news report that concluded U.S. taxpayers will subsidize the roughly $25 billion mortgage settlement.
February 22 -
Moody's Investors Service on Wednesday finalized its methodology for structured finance interest only securities.
February 22 -
Morgan Stanley Investment Management (MSIM) has announced that the Morgan Stanley Opportunistic Mortgage Income Fund LP, which is a fund for RMBS and CMBS investments, held its final close with over $450 million in capital commitments.
February 22 -
The Federal Housing Finance Agency (FHFA) wants to make GSE loan buyback policies more transparent, eliminating uncertainty in the secondary market while encouraging lenders to fund new loans.
February 22