Homeowners who originated their mortgages during the peak of the housing boom with unfavorable loan terms are getting more frustrated with their inability to refinance with mortgage servicers, according to the J.D. Power and Associates 2011 U.S. primary mortgage servicer satisfaction study.
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Citigroup is seeking to gain control of more than $2 billion of CLOs, apparently in order to liquidate them and unwind related trades.
September 19 -
ASR just launched a weekly video news update to give our readers a quick rundown of breaking news throughout the week.
September 19 -
The U.S. Securities and Exchange Commission (SEC) will decide today on whether to propose a rule related to conflicts of interest in the structuring and offering of ABS.
September 19 -
Now that Walter Investment Corp. has officially purchased subservicer Green Tree Servicing, St. Paul, Minn., and its parent company, GTCH Holdings, it has changed certain job duties of executives that joined the firm.
September 16 -
Bank examiners are exploring whether the nation's depositories have accurately valued $845 billion of home equity and second liens, according to seven people with direct knowledge of the matter, according to a report by Bloomberg.
September 16
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It's not looking good for fans of keeping the higher GSE loan limits, but that hasn't stopped housing, realty and mortgage trade groups from promoting the issue through their elected officials.
September 16 -
Mike Perry, who led IndyMac Bancorp until its collapse in 2008, is trying to rehabilitate his image, waging a public campaign rarely seen from an executive of a failed bank.
September 16 -
Toyota Motor Credit Corp. filed with the Securities and Exchange Commission (SEC) to issue a more than $1 billion deal under its Toyota Auto Receivables 2011-B Owner Trust.
September 16 -
A verdict in Los Angeles Superior Court Friday has conjured up a shared happy ending between DoubleLine Capital CEO Jeffrey Gundlach and his former employer The TCW Group after more than two years of legal wrangling.
September 16 -
The rating agencies continue to rework their criteria in an effort to be more transparent in their methodology.
September 16 -
Barclays Capital and FundCore Finance Group have established a CMBS loan origination and securitization program.
September 16 -
Fannie Mae has apparently doled out part of a large subservicing contract on Bank of America MSRs to the residential servicing division of International Business Machines (IBM), according to industry advisors who have been briefed on the deal.
September 16