National lender and servicer Carrington Mortgage Services (CMS) has expanded its mortgage origination unit by purchasing certain assets of American Home Equity Corp. (AHE). Mortgage lender AHE is based in Irvine, CA based.
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The housing finance sector will have to wait until next year for the final rule on what constitutes a 'qualified residential mortgage' (QRM), the unofficial head of the Consumer Financial Protection Bureau (CFPB) told a regulatory forum in Washington.
September 20 -
Insurance regulators remain steadfast in their position that certain kinds of bonds should be treated as structured securities, even amid criticism that the move will make them less attractive to their most important investors.
September 20 -
The chief author of the Dodd-Frank Financial Reform Act took exception to what he called "the revolt against risk retention," saying requiring originators to hold 5% of the loan amount on their books is "one of the central things we did in the bill."
September 20 -
Raj Date, the de facto head of the Consumer Financial Protection Bureau (CFPB), said Tuesday that misaligned incentives led to some of the major problems in mortgage servicing and still persist.
September 20 -
DBRS hired Chris D'Onofrio for its structured finance group as a senior vice president. D'Onofrio will focus his efforts in the firm's ABS group as a lead analyst.
September 19
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The latest Jumbo securitization from Redwood Trust, the only issuer that has been in the market recently has a lot of positives as usual. But among its few negatives is a slightly reduced and somewhat idiosyncratic geographic concentration risk that may be offset by the strength of the regional originator the produces it.
September 19 -
Residential lenders issued $27.8 billion of GNMAs in August, a slim gain of just $14 million from the prior month, according to new figures released by the Department of Housing and Urban Development (HUD).
September 19 -
Moody's Investors Service has assigned provisional ratings to the $50 million whole business securitization from NuCO2.
September 19 -
The Securities and Exchange Commission (SEC) today voted (4-0 today) unanimously to propose a rule intended to prohibit certain material conflicts of interest between ABS sellers and investors.
September 19 -
Fannie Mae and Freddie Mac will hike their guaranty fees some time next year to better reflect “that which would be anticipated in a private competitive market,” Federal Housing Finance Agency (FHFA) acting director Ed DeMarco said Monday morning.
September 19 -
Marathon Asset Management hired three new partners for its structured and corporate credit businesses.
September 19 -
Information services firm Markit is launching a new family of indices referencing CMBS issued since 2010. The Markit TRX.II indices will begin trading on Oct. 3.
September 19