A new report issued by the National Credit Union Administration blames the agency's Office of Corporate Credit Unions for failing to identify a high concentration of risky MBS at the now defunct Southwest Corporate Credit Union of Texas, a $12 billion institution.
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Builders’ confidence in the market for new single-family homes improved but remained quite low as the National Association of Home Builders' (NAHB) housing market index — a monthly gauge of builder sentiment — gained to 20 in November from 17 in October.
November 16 -
Mortgage application activity tumbled 10% in the week ending Nov.11, said the Mortgage Bankers Association (MBA), despite mortgage rates holding steady.
November 16 -
House and Senate appropriators approved more funds for a foreclosure mitigation program and included another short-term extension of the National Flood Insurance Program in a spending bill expected to pass this week.
November 16 -
First-time home buyers are no longer a force to be reckoned with.
November 16 -
Two Michigan registers of deeds have filed a class action lawsuit against Mortgage Electronic Registration Systems (MERS) for allegedly not paying proper county and state transfer taxes.
November 16
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Moody's Investors Service has just withdrawn its provisional rating of 'Baa2 (sf)' on the secured notes, Series 2011-1 that were to be issued by Drug Royalty LP 1, a subsidiary of Toronto-based DRI Capital. Credit Suisse is lead managing the deal.
November 15 -
Lender Processing Services (LPS) said that, through its Loan Quality Gateway platform, its RealEC, Empower and LSI divisions are now directly integrated with the GSEs' Uniform Collateral Data Portal (UCDP).
November 15 -
Freddie Mac this afternoon released its single-family seller/servicer guide bulletin where the GSE announced its changes to its Freddie Mac Relief Refinance Mortgage – Same Servicer and Relief Refinance Mortgage – Open Access offerings.
November 15 -
In 3Q11, fixed-rate loans comprised over 95% of refinance loans, according to Freddie Mac's Quarterly Product Transition Report that was published today.
November 15 -
Fitch Ratings started a quarterly report that details its U.S. home price projections.
November 15 -
House and Senate conferees have agreed to restore the $729,750 maximum loan limit for Federal Housing Administration (FHA)-backed mortgages for two years – but left the GSE cap unchanged.
November 15 -
PennyMac Mortgage Investment Trust recently entered into a master repurchase agreement with Bank of America that allows a subsidiary of the publicly traded REIT to sell — and later repurchase — new originations in an aggregate principal amount of up to $200 million.
November 15