Finance

Republican presidential candidate Mitt Romney sharply criticized President Barrack Obama’s failure to finalize a “qualified mortgage” rule, which has stifled the housing market.

The Valuation of Securities Task Force, which is a part of NAIC assigned to make recommendations that regulate investment risk, has proposed that the economic scenarios used in the 2012 yearend modelling process for CMBS and RMBS should stay similar to 2011.

One other ingredient critical to Nationstar's meteoric rise is a deal it struck with Fannie Mae at the height of the mortgage servicing crisis.

Brean Capital has continued its expansion into fixed-income products by hiring Scott Buchta as head of fixed-income strategy.

The market for U.S. credit card ABS hit two milestones during September, both encouraging signs for the asset class.

This morning the Mortgage Bankers Association reported a 19.6% surge in the Refinance Index to 5888 in the week ending Sept. 28, its highest level since April 2009.

Residential Capital (should be barred from selling its loan servicing unit until it provides more information about the deal, investors who bought ResCap mortgages said in court papers.

Zillow, the real estate Web site, fell yesterday after the SEC asked the company to respond to questions about how it reported revenue.

Ocwen Financial Corp. and private equity firm WL Ross & Co. agreed on Oct. 3 that Ocwen will buy Homeward Residential Holdings.

The increased pace of loan resolutions for smaller loans is pushing the total delinquency rate lower, FTN Financial analysts said in a report released yesterday.

New York Attorney General (NYAG) Eric Schneiderman made clear Tuesday that investigators are prepared to bring more actions against institutions involved in the mortgage mess.

The data analytics firm reported that U.S. marketed ABS volume has reached $155.9 billion year-to-date, rising 78% from the same period last year and is the highest year-to-date volume since 2007..

An Oct. 1 8-K regulatory filing with the SEC stated that Maguire has lost the deed to Los Angeles office tower Two California Plaza. The company has defaulted on a loan in GSMS 2007-GG10.

The Federal Housing Finance Agency has said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a REO pilot initiative.

HUD secretary Shaun Donovan has reiterated his call for regulators to finalize a qualified residential mortgage rule that does'nt limit access to “safe” loans.

Almost a month ago Mortgage Industry Advisory Corp. held an auction on $8 billion of Ginnie Mae servicing rights, but the firm has yet to declare a winning bidder on the deal.

Euro insurance companies and funds are now filling the commercial real estate lending gap that was left by banks. However, these firms might not be able to pick up all the slack, S&P said today.

Bear Stearns abandoned its credit guidelines for reviewing borrowers whose MBS it sold to investors over a roughly five-year period beginning in 2003, New York Attorney General Eric Schneiderman charged in a civil lawsuit filed in Manhattan.

Mike Perry, the chief executive at IndyMac before it was seized by the FDIC in 2008, has agreed to settle the last remaining negligence claim against him by the SEC by paying an $80,000 fine.