The top regulator of the Federal Housing Finance Agency said Wednesday he won't rush the 12-bank cooperative to correct their balance sheets, but does expect some alteration soon.
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Residential Mortgage REITs in the second quarter are generally likely to continue seeing results more or less in line with the prior one despite a somewhat volatile operating environment between April and June, according to some analysts.
July 6 -
The U.S. Treasury today gave an update on its continued orderly wind down of its agency guaranteed MBS portfolio.
July 6 -
The Mortgage Bankers Association (MBA) has released its Commercial Real Estate (CRE)/Multifamily Finance Quarterly Data Book for 1Q11, showing the “turn of the real estate cycle.”
July 6 -
Rep. Gary Miller, R-Calif., has drafted a GSE reform bill that would merge Fannie Mae and Freddie Mac and convert them into a secondary market utility that issues government-backed mortgage securities.
July 6 -
Chariot Funding, Falcon Asset Securitization Co. and Jupiter Securitization Co. have together funded a $3.024 billion auto ABS. JPMorgan Chase Bank serves as the administrative agent for all three conduits, which are partially supported, multiseller ABCP programs.
July 6
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Mortgage application activity declined 5.2% for the week ending July 1, according to the Mortgage Bankers Association (MBA).
July 6 -
Mortgage servicers participating in the Home Affordable Modification Program (HAMP) are starting to use principal reduction more often to help underwater borrowers and make their payments more affordable.
July 6 -
A new report by Bank of America Merrill Lynch examines the credit burnout phenomenon and its potential to allow underwater, but not yet delinquent, borrowers to demonstrate their creditworthiness.
July 6 -
American Banker sat down for an extensive exit interview with FDIC Chairman Sheila Bair, who will leave office on July 8. Following is an edited transcript.
July 6 -
With the Dodd-Frank Act and Basel capital regime already imposing new requirements on derivatives players, the U.S. bank regulators added another one Tuesday completely of their own accord.
July 6 -
The Federal Housing Administration (FHA) is considering tightening borrowers' debt-to-income ratios, a move that would prevent the most highly leveraged consumers from qualifying to buy a home.
July 6 -
Brokerage firm Laeken International plans to enhance its fixed-income and structured finance products focus by establishing a structured finance strategy and analytics team.
July 5