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The mortgages have an average balance of $70,312, and an average coupon, on a weighted average (WA) basis, of 10.06%. Also on a WA basis, the borrowers have an original credit score of 739.
February 27
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Federal Reserve Vice Chair for Supervision Michael Barr said in a speech Tuesday that banks might need to establish margin to counteract counterparty risks presented by private funds.
February 27
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A rate drop was a common concern for some servicers during the quarter, and Ocwen recently took a step aimed at better addressing this risk in the future.
February 27
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The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
February 27
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Exposure to synthetic securitizations has more than doubled over the last two years, swelling to C$86.6 billion ($64.2 billion) at the end of the last financial year, from C$40.3 billion in 2022.
February 27
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The deal will repay investors sequentially and through a shifting interest payment structure, according to ratings analysts from Moody's Investors Service. On a weighted average (WA) basis, the rating agency notes, the mortgages have a FICO score of 773.
February 26
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The lawmakers, led by Sen. Elizabeth Warren, D-Mass., said the deal would further anti-consumer bank consolidation, but also criticized the OCC's proposed changes to the merger process, asking that they be strengthened.
February 26
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While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.
February 26
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Calculating catastrophic risk is more complex than it used to be, because there's a growing concentration of property in areas that are prone to increasingly frequent storms, fires and floods.
February 26
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Treasury yields retreat from 2024 highs with month-end in view
February 23
