Although President Obama Thursday night made a slight reference to a government-backed refi plan for troubled mortgagors, the effort appears to be temporarily stalled over concerns about what effect it would have on both MBS investors and the megabanks, according to advisors and trade group sources who claim to have knowledge of the program.
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With most banks still flush with deposits and reluctant to lend, the need for advances from the Federal Home Loan Banks continued to drop sharply during the third quarter, according to a report released Friday by the Office of Finance.
October 31 -
The Securities and Exchange Commission (SEC) is now requiring alternative investment fund managers to provide a lot more details on their operations.
October 31 -
MountainView Servicing Group said it has completed the sale of a $442 million package of Fannie Mae bulk servicing rights.
October 31 -
Fannie Mae Monday morning confirmed to ASR sister publication National Mortgage News that its multifamily unit is the subject of an Inspector General probe being conducted by the Federal Housing Finance Agency (FHFA).
October 31 -
Obvion issued a €744.3 million ($1.3 billion) Dutch RMBS dubbed STORM 2011-IV B.V.
October 31
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MF Global filed for Chapter 11 protection today, less than a week after being downgraded to junk status.
October 31 -
Greek banks and RMBS transactions are at risk of losing interest payments because a Greek housing agency has delayed, if not frozen, paying interest subsidies, according to Fitch Ratings.
October 31 -
The week kicks off with the usual auto deals, a timeshare ABS and a tobacco settlement revenue bond offering.
October 31 -
Conyers Dill & Pearman appointed Charles Collis as head of the firm’s London office effective today as the firm continues to build its practice for clients across London and Europe.
October 31 -
JPMorgan Chase late last week rebutted federal claims that it misled four now defunct corporate credit unions into buying $1.5 billion of risky MBS and pointed the finger — as National Credit Union Administration's (NCUA) own internal reviews have — at the management of the failed corporates and at NCUA's own examiners.
October 31 -
MORTGAGE DATA 30-yr. Fixed 15-yr. Fixed 5-yr Treasury 1-yr Treasury- MBA Refi Home Purchase Rate Mortgage Rate Mortgage Indexed ARMs Indexed ARMs Index Index Week ending 11/23/11 3.98%
October 28 -
Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.
October 28