State and federal authorities held a press conference Thursday to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.
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Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.
March 30 -
MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 04/19/12 3.90%
March 30 -
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Experian Information Solutions' research indicates that, while the credit quality of auto loans may be slipping, it remains high enough to ensure the strong performance of the 2011 and 2012 vintages of securities backed by such loans.
March 30 -
A federal judge rejected an attempt by the Securities and Exchange Commission (SEC) to compel Wells Fargo & Co. to comply with an administrative subpoena, ordering the agency and the bank to meet to resolve their dispute over documents related to the agency's investigation of nearly $60 billion of RMBS.
March 30
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Carlos Mendez left investment banking firm Sandler O’Neill + Partners in mid-February. He was the firm's head of structured finance at the time of his departure.
March 30 -
Former head of securitized products research at Credit Suisse Dale Westhoff will be shifting his responsibilities at the firm.
March 30 -
The enhancement levels for the new Credit Suisse prime RMBS deal called CSFB Mortgage Securities 2012-CIM1 are not enough to support a triple-A rating, Fitch Ratings said today.
March 30 -
At least two more commercial note/REO auctions are scheduled for the beginning of April, according to Barclays Capital CMBS Weekly Strategy Report published today.
March 30 -
Investors ramped up their purchases of single-family homes last year to a level not seen since 2007 — and only half of those buyers financed the purchase. Almost half (49%) paid cash, according to a new report from the National Association of Realtors (NAR).
March 30 -
A federal magistrate has ordered Space Coast Credit Union to a non-binding mediation session with lawyers from five Wall Street banks and two rating agencies regarding the credit union’s $100-million claim related to a failed investment the banks sold Eastern Financial Florida Credit Union, a failed Miami credit union acquired by Space Coast in 2009.
March 30 -
Banc of Manhattan Capital, Woodland Hills, Calif., is taking bids on a $26 million pool of reperforming whole loans, servicing released.
March 29