U.S. house prices dropped 0.1% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index.
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The MF Global collapse provides an important lesson concerning the effectiveness of the principal or proprietary banking model.
December 8 -
Barclays Capital has a cautious outlook for both residential and commercial mortgage credit, its researchers indicated in their global outlook report Thursday.
December 8 -
In 2012, student loan ABS issuance will likely remain flat at $15 billion from this year, according to research this morning from Standard & Poor's.
December 8 -
The Financial Industry Regulatory Authority's (FINRA) Trade Reporting and Compliance Engine (TRACE) data showed that private-label RMBS trading activity has dropped about 50% since June.
December 8
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The Mortgage Bankers Association (MBA), in a new comment letter, strongly urged the government not to change the current GSE servicing compensation model, shooting down a Federal Housing Finance Agency (FHFA) proposal that would pay loan processors $10 per month for performing loans.
December 8 -
The trend of U.S. credit cardholders putting credit card payments ahead of mortgage payments that began in early 2008 shows no sign of abating in the immediate future even as the economy gradually improves, TransUnion analysts said.
December 8 - Europe
The European Central Bank (ECB) has relaxed its collateral requirements for repo eligibility in a bid to create more liquidity for European banks.
December 8 -
A broad range of institutional investors — including pension funds, insurance firms, and sovereign wealth funds — is set to increase their exposure to real estate as an asset class, according to new research from State Street Corp.
December 8 -
Wells Fargo & Co. – as the industry is quite aware – is a dominant force in both residential production and servicing, but it continues to tower above all competitors in the GNMA market.
December 8 -
After rating the performance of its top 10 Home Affordable Modification Program (HAMP) servicers, the U.S. Treasury Department said JPMorgan Chase, and Bank of America need to make further improvements before they receive incentive payments from the government.
December 8 -
Federal regulators took another step Wednesday toward lessening banks' reliance on credit ratings by proposing three methods for assessing risk on firms' trading books.
December 8
