Mortgage servicers continue to modify 25,000 loans a month under the government's Home Affordable Modification Program (HAMP), but that pace could pick up later this summer as new changes to the effort kick in.
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The Federal Housing Finance Agency (FHFA) will decide sometime in April whether the higher incentive fees the Treasury Department is paying are enough to justify allowing Fannie Mae and Freddie Mac to do principal reductions for the first time.
March 28 -
The Carlyle Group closed a $510 million CLO, its second in a year, the private equity firm said in statement.
March 28 -
Standard & Poor's most recent European CLO Performance Index Report showed several changes in performance metrics in December 2011.
March 28 -
The House Financial Services Committee Tuesday approved a bill to enhance the FHA's authority to police bad lenders after rejecting an amendment that would have reduced the agency's loan guarantees.
March 28 -
Higher rates pressed on refinancing activity in the week ending March 23. According to the Mortgage Bankers Association (MBA), the Refinance Index declined 4.6% to ~3438, its lowest level since early December.
March 28
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In a departure from recent tender offers in Europe, Spain’s Bankia had a higher-than-expected take-up, according to a release by Barclays Capital analyst Dipesh Mehta.
March 28
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CRE Finance Council Europe (CREFC Europe) has appointed Peter Denton as chair-elect of the group.
March 28 -
Freddie Mac purchased $37.6 billion of residential loans from its seller/servicers in February, a 10% increase from the prior month, and a sign perhaps that Bank of America's recent decision to quit Fannie Mae is helping Freddie.
March 27 -
Dallas-based Metropolitan Capital Advisors (MCA), has successfully secured a permanent financing package with a CMBS lender for the refinance of the Sunwest portfolio—a collection of 25 single and multi-tenant properties scattered across 8 states.
March 27 -
Prudential Financial Insurance (PFI) is marketing a new hybrid deal that according to market reports is backed by subprime residential mortgage backed securities and guaranteed by the insurer.
March 27 -
FirstEnergy of Ohio is said to be prepping a $500 million securitization of deferred energy costs.
March 27 -
Standard & Poor's said Tuesday that home prices fell in January for the fifth consecutive month, reaching a new low for the housing bust.
March 27
