The Supreme Court decision cleared the way for further revisions to the agreements between the Federal Housing Finance Agency and the Treasury, which could include dismissing the January changes.
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The underlying loans in CSMC 2021-NQM4 have a 738 weighted average model FICO score, relatively low leverage, and a sustainable loan-to-value ratio of 75.2%.
June 29
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Fewer borrowers are suspending payments for pandemic hardships but some who got back on track are having trouble again, and deadlines could spur a final round of new requests.
June 28
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The Consumer Financial Protection Bureau issued a temporary final rule that allows mortgage servicers to initiate foreclosures on abandoned properties and certain delinquent borrowers, but it also outlined additional measures that shield distressed homeowners.
June 28
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Roughly 98% of unpaid principal balances on the loans have been modified, so FitchRatings increased its loss expectations because of the delinquent loans.
June 28
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The lack of homes for sale is supporting the record values, unlike what happened in the mid-2000s, analysts say.
June 28
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Banks and creditors have spent years trying to remove obstacles to presentment and payment, but some consumers say they would still rather step on a Lego brick than pay a bill, according to PayNearMe research.
June 28
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Bank of America and Morgan Stanley are leading the deal, in which Atlanta, Miami and Charlotte are the top three markets.
June 25
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The Supreme Court decision cleared the way for further revisions to the agreements between the Federal Housing Finance Agency and the Treasury, which could include dismissing the January changes.
June 25
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The deal has a shifting-interest structure that determines senior principal distributions by comparing the senior bond size to the collateral balance.
June 24
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The Community Home Lenders Association has called for suspension of federal limits on the loan volumes that Fannie Mae and Freddie Mac can purchase from individual lenders. The demand came on the same day that the Biden administration fired FHFA Director Mark Calabria and started the process of nominating his successor.
June 24
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Growing CRE mortgage volumes raised the bar for the coming year despite lingering concerns, according to the CRE Finance Council.
June 23
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President Biden removed Mark Calabria as Federal Housing Finance Agency director hours after a Supreme Court ruling made the move possible. The administration is expected to offer up a nominee who will prioritize affordable housing and racial equity in housing instead of reforming Fannie Mae and Freddie Mac.
June 23
