The week in mortgages was described as "slow", "light", "exhausted", and "apathetic". This statement is supported by Tradeweb's volume which averaged 87% for the week through Thursday, down further from even last week's limited 93%.
-
With Bank of America shedding mortgage servicing rights en masse, and a handful of other megabanks writing down their MSRs because of Basel III, prepayments and other concerns, one might think that the asset must stink to high heaven. Well, think again.
February 2 -
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 -
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