Congressional Republicans have long been calling for the federal government to reduce its involvement in the U.S. housing market.
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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.
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Third-party review firm Allonhill hired Lorie Helms as Chief Technology Officer. The new hire
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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.
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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
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Legg Mason Global Asset Management has launched Permal Hedge Strategies Fund a fixed income focused multi-manager, multi-strategy fund of hedge funds.
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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.
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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.
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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.
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The volume of CMBS conduit loans liquidated in January spiked sharply, jumping 51% from December's reading, according to Trepp data.
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Mortgage application activity slipped 2.9% in the week ending Jan. 27 with the Refinance Index declining 3.6% to 4113.8.
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To facilitate “streamline” refinancings, the Federal Housing Administration (FHA) will no longer rank lenders based on the performance of those loans in its Neighborhood Watch system.
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The Federal Housing Finance Agency (FHFA) has announced that investors interested in its Real-Estate Owned (REO) Initiative may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases.
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