The Securities and Exchange Commission on Friday sued Richard Syron, the former chief executive officer of Freddie Mac, and Daniel Mudd, ex-CEO of Fannie Mae, over disclosures they made about subprime assets the GSEs invested in.
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Redwood Trust filed a shelf offering with the Securities and Exchange Commission to issue MBS that will be collateralized primarily by mortgage loans secured by first liens on one- to four-family residential properties.
February 2 -
Fannie Mae's issuance of MBS jumped 20% in December after a similar increase in November, according to new figures released by the mortgage giant.
February 2 -
CitiMortgage, the nation's sixth largest residential wholesaler, Wednesday afternoon informed its loan brokers that it will cease table funding loans next week as it prepares to exit the channel.
February 2 -
The Securities and Exchange Commission (SEC) charged four former investment bankers and traders at Credit Suisse Group for their "complex scheme to fraudulently overstate" the value of $3 billion in subprime bonds during the subprime credit crisis' height.
February 1 -
Third-party review firm Allonhill hired Lorie Helms as Chief Technology Officer. The new hire
February 1
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Fitch Ratings has released its outlook on utility tariff securitizations. The rating agency stated that it expects strong asset performance from the sector.
February 1 -
Investors represented by Gibbs & Bruns have issued instructions to US Bank, Wells Fargo, and Deutsche Bank, as trustees, to open investigations to find ineligible mortgages in pools backing over $25 billion of RMBS issued by various Morgan Stanley affiliates
February 1 -
Legg Mason Global Asset Management has launched Permal Hedge Strategies Fund a fixed income focused multi-manager, multi-strategy fund of hedge funds.
February 1 -
The Federal Housing Finance Agency (FHFA) is preparing to back away from a controversial plan to overhaul the minimum servicing fees paid on Fannie Mae and Freddie Mac loans, after intense, across-the-board industry opposition to the idea.
February 1 -
The National Credit Union Administration (NCUA) said Tuesday it disagrees with a tentative ruling by a federal judge that would dismiss its suit against RBS Securities in the failure of WesCorp Federal Credit Union.
February 1 -
Analytics provider Lender Processing Services (LPS) has stated that its LPS Applied Analytics division updated its home price index (LPS HPI) with residential sales concluded in November 2011.
February 1 -
The volume of CMBS conduit loans liquidated in January spiked sharply, jumping 51% from December's reading, according to Trepp data.
February 1