The Federal Housing Finance Agency (FHFA) as early as this week may release a new discussion paper on restructuring servicing compensation for GSE loans while seeking a new round of public comments on proposed changes.
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Lawyers have opened a new front in mortgage securities litigation by suing BNY Mellon and U.S. Bank over an alleged failure to properly handle the storage and recordkeeping of mortgage documents.
November 14 -
House and Senate conferees will not restore the $729,750 maximum loan limit on GSE-backed mortgages in high cost areas, sources told ASR sister publication National Mortgage News this weekend — but they have agreed to bump up the limit on Federal Housing Administration (FHA) loans in lower cost areas.
November 14 -
Santander Consumer Bank is in the market with a €573.0 million ($780 million) securitization backed by a portfolio of German auto loans.
November 14 -
The CREL CDO delinquencies rose to 12.5% in October from 12% the prior month, according to the latest Fitch Ratings index.
November 11 -
The Securities and Exchange Commission (SEC) could hurt the housing recovery if it imposes tighter restrictions on real estate investment trusts that purchase and securitize mortgages, according to industry comments filed with the agency.
November 11
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A new Senate bill proposing to wind down the GSEs by at least 10% a year also includes a provision that would replace the private MERS System with an identical platform run by the Federal Housing Finance Agency (FHFA) — along with new national standards for mortgage title transfers.
November 11 -
The New York banking department has reached an agreement with Morgan Stanley to implement new mortgage servicing standards after signing a similar deal with Goldman Sachs in September.
November 11 -
Fortress Investment Group appears to be the winning bidder on a $50 billon package of mortgage servicing rights being peddled by Bank of America, according to industry analysts watching the deal.
November 11 -
The Royal Bank of Scotland filed with the Securities and Exchange Commission yesterday to issue a CMBS under its Commercial Mortgage Passthrough Certificates trust.
November 11 -
The European Central Bank's (ECB) new €40 billion ($55 billion) covered bond purchase program (CBPP2) kicked off yesterday with a €1 billion dual tap issuance from Credit Mutuel Arkea's program.
November 11 -
MBIA presented a brighter picture of its future on Thursday.
November 11 -
With CLO issuance on the rise, it’s easy to forget that there are a number of regulatory threats to this important source of liquidity for corporate loans.
November 11