Morningstar, Inc. rebranded Realpoint LLC's businesses under the Morningstar name.
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National Credit Union Administration (NCUA) filed another suit last week against Royal Bank of Scotland (RBS) over MBS sold to WesCorp Federal Credit Union, the one-time $34 billion corporate that failed in 2009.
July 25 -
Mexican banks appear to be moving down the food chain in mortgage lending, according to a release by Moody’s Investors Service.
July 25 -
Cohen & Steers, an asset manager specializing in real estate, predicts that U.S. REITs will boost dividends by 10% a year for the next five years.The sunny outlook, which cites a recovery in cash flows, comes in spite of the continued woes of many segments of the U.S. housing markets and the sluggish economic recovery.
July 25 -
Consumer ABS is well-positioned to maintain ratings stability in the wake of a potential double-dip recession, according to a new Fitch Ratings report.
July 25 -
Toyota Motor Credit Corp. will be issuing five classes of notes backed by Toyota or Lexus passenger car, minivan, light-duty truck or sport utility vehicle leases and related assets.
July 25
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Mortgage, housing, and even local politicians are stepping up pressure on congressional appropriators to extend the maximum $729,750 loan limit on government-backed loans for another year, fearing that a failure to act will damage already stressed real estate markets.
July 25 - Europe
A second bailout for Greece is in the works based on a comprehensive debt package that aims to keep Greek's debt problems contained.
July 22 -
Whole Loan Capital is auctioning off a $553 million portfolio of GSE and bank residential servicing rights.
July 22 -
The CFPB has published with the Federal Register for public comment an interim final rule establishing Regulation D or the Alternative Mortgage Transaction Parity.
July 22 -
Short sale timelines and completions are improving, but servicing executives also know their industry can have better results in the government-backed Home Affordable Foreclosure Alternatives program, according to panelists at this week’s Best Practices in Loss Mitigation Conference in Dallas, sponsored by National Mortgage News.
July 22 -
Deer Park Road Corp., a distressed mortgage and ABS fixed-income securities manager, has strengthened its portfolio management team as the firm’s assets continue to grow, it announced in a July 20 statement.
July 22 -
The National Association of Home Builders (NAHB) is developing an index of "healing housing markets" in an attempt to offset the negative press that casts a pall over the entire sector whenever national price statistics are released.
July 22
