Conventional speed increases on average were in line with expectations. However, speeds on 5% coupons and lower were much faster than projected, while 6s through 7s were slower.
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Fannie Mae continues to ratchet up its requests for seller/servicers to repurchase delinquent loans, while its smaller rival Freddie Mac has actually reduced its buyback claims over the past four quarters.
August 18 -
Sales of single-family existing home sales fell 4% in July after a 1% increase in June, but condominium sales were unchanged month over month, according to the National Association of Realtors (NAR).
August 18 -
The U.S. Court of Appeals for the Eighth Circuit has rejected an appeal from Fair Isaac Corp., Minneapolis, letting stand a judge's ruling dismissing some of its claims before trial against VantageScore Solutions, Stamford, Conn., and Experian, Costa Mesa, Calif.
August 18 -
What was billed as a relatively small exception to a risk retention rule is now in danger of becoming so big it may render the regulation nearly useless.
August 18 -
Credit card customers are the happiest they've been since the financial crisis, thanks in part to a government crackdown on the card industry.
August 18
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Bond insurer CIFG Assurance sued Goldman Sachs and M&T Bank Tuesday for fraud and breach of contract involving its commitment to guarantee $275 million of MBS.
August 18 -
Freddie Mac reported new record lows across fixed- and adjustable-rate mortgages for the week ending Aug. 18 on the flight to quality rally based on worries related to global growth and European Union debt.
August 18 -
Democratic Rep. Gary Ackerman plans to introduce legislation aimed at jumpstarting the housing market by providing two new enticements to homebuyers.
August 18 -
During a downturn, consumers are much more likely to use — and to repay — general-purpose credit cards than retail cards, and pretty much every major retail issuer tried to bail out of the business at some point over the last few years.
August 18 -
Markit has teamed up with the Depository Trust & Clearing Corp. (DTCC) to boost the secondary market for leveraged loans by providing simultaneous transfer of cash and loan assets.
August 17 -
Close to 96% of the non-agency RMBS that were either traded/offered over the past month had a National Association of Insurance Commissioners (NAIC) 'NAIC 1' rating, according to a report from Amherst Securities Group (ASG).
August 17 -
The bankruptcy court signed off on Lehman Brothers Holdings’ plan to generate as much as $2 billion for creditors by securitizing a portfolio of commercial loans.
August 17