Gibbs & Bruns in a release said today that its clients have issued instructions to trustees US Bank and HSBC to open investigations of ineligible mortgages in pools backing more than $19 billion worth of RMBS issued by different Wells Fargo affiliates.
-
Barlcays Capital analysts examined the relative value of rental fleet ABS in a report released last Friday.
February 21 -
The Obama administration has opened the door for nearly 1 million existing Federal Housing Administration (FHA) borrowers to refinance by encouraging lenders to originate more 'streamline' refinancings. But will it happen?
February 21 -
The recent $26 billion mortgage settlement announced by the government has received coverage throughout the news media. Twenty six billion dollars is an eye-popping number. But it is important that discerning readers look beyond the number and the headlines to determine what is really going on here and separate fact from rhetoric and political posturing.
February 21 -
Some factors started to challenge the strength of MBS' QE3 over the week including better-than-expected economic data and some items in the January Federal Open Market Committee (FOMC) meeting minutes.
February 17 -
-
Freddie Mac is rumored to have a term sheet circulating the Street outlining its own REO-to-rent initiative, according to a Reuters report.
February 17 -
Rate investors are likely going to get a much smaller piece of the triple-A pie for covered bond investments.
February 17 -
Residential Credit Solutions (RCS) has been approved by Ginnie Mae as an issuer and servicer for the GNMA I and II single-family MBS programs.
February 17 -
Aurora Loan Services (ALS), Denver, recently halted residential production as the company continues to weigh bids on its servicing platform, according to a former ALS official and industry consultants.
February 17 -
Fannie Mae's second multifamily DUS REMIC of the year drew several new investors that one of its executives said were attracted by the deal's relatively strong debt-service coverage ratio, LTV and diversified collateral pool.
February 17 -
Year-to-date 2012 ABS transaction volume has hit the largest year-to-date figures since 2008 with $32 billion representing 37 deals, according to numbers Dealogic released today.
February 17 -
Capital One Financial Corp. agreed as part of its purchase of ING Direct USA to originate loans insured by the Federal Housing Administration (FHA) to borrowers with low credit scores. But five months after giving verbal assurances to the Federal Reserve and consumer groups that it would accept FHA applications with minimum FICO scores of 580, Capital One still is not originating such loans.
February 17