Fannie Mae's latest multifamily DUS REMIC priced under its guaranteed multifamily structures program included some exceptionally large orders and saw high demand for a yearend auction.
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One of the takeaways from the entire mortgage meltdown and the current brouhaha over Freddie Mac's obscure hedging techniques is this: If you can't explain something, you shouldn't be doing it.
February 2 -
Mortgage rates reversed course after last week's pop with new record lows reported for 30- and 15-year fixed and 5/1 hybrid ARMs, according to Freddie Mac's survey.
February 2 -
Recoveries against bad loans have become a major source of cash for credit card issuers, and hence an increasingly important factor in the industry’s return to pre-recession loss rates.
February 2 -
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
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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 -
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