Four months after downgrading U.S. Treasury bonds, Standard & Poor's has lowered or affirmed fewer than half of the highest-rated ABS guaranteed by the now-defunct Federal Family Education Loan Program (FFELP).
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An 11th-hour settlement is expected to stave off potential class action status in a lawsuit that claims foreclosed borrowers were overcharged for attorneys’ fees that the Mortgage Electronic Registration Systems (MERS) did not actually incur.
January 18 -
Cantor Fitzgerald & Co. has expanded its U.S. equity research sector coverage by hiring a dedicated REITs research team.
January 18 -
Freddie Mac hopes to issue more Mortgage Linked Amortizing Notes similar to the one it priced late last week.
January 18 -
The Refinance Index surged 26.4% to 4500.6 in the week ending Jan. 13 and it is closing in on 2011's record high of 4866.7 set in mid-August. This was reported by the Mortgage Bankers Association (MBA) this morning.
January 18 -
Clayton Holdings has completed the acquisition of West Valley, Utah-based Green River Capital, which offers REO, short sale and broker price opinion (BPO) services.
January 18
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National Credit Union Administration (NCUA) urged a federal judge here last week not to dismiss its claims against underwriters of more than $1 billion of MBS sold to WesCorp Federal Credit Union, as the regulator’s numerous legal claims in the corporate credit union failures appear to be slipping away.
January 18 -
Recent changes to a special GSE refinancing program have been in effect for just six weeks, but lenders are already concerned that Home Affordable Refinance Program (HARP) 2.0 will fall short of its goal of helping one million homeowners saddled with high LTV loans.
January 18 -
The high yield and distressed trading leaders have departed Citigroup, according to a report.
January 17 -
Citigroup repurchased 6,800 residential loans in 2011, an 80% jump from 2010 with Fannie Mae and Freddie Mac accounting for the lion's share of those buybacks, according to figures released Tuesday.
January 17 -
Among the ramifications of paying for the tax cut extension by hiking agency guarantee fees in April could be upward pressure on consumer rates and an improvement in MBS prepayments.
January 17 -
GE Capital is in the market with GE Capital Credit Card Master Note Trust Series 2012-1 worth roughly $606 million.
January 17 -
The Securities and Exchange Commission (SEC) has charged the investment advisory arm of UBS with failing to properly price securities in three mutual funds that it managed.
January 17