The American Securitization Forum (ASF) just announced that Securities and Exchange Commission Chairman Christopher Cox will be the keynote speaker at its annual meeting in June. The conference, which will include discussions on trends affecting the securitization market, will be a full-day affair to be held at the Grand Hyatt New York City on June 7. The ASF will also announce newly-elected Board members, officers and committee leadership and give an overview of its advocacy program, accomplishments and key goals on June 6.This part of the annual meeting will be held at the Global Financial Markets Conference Center located in ASF's NYC office.
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Full documentation was only applied to 2.6% of the underlying pool of mortgages. Debt-to-income, however, was 23.3% when it was applied.
March 26 -
New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
March 26 -
A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff.
March 26 -
Before the transaction has amortization event, principal payments will enter full turbo during the deal's first 12 months.
March 25 -
The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE.
March 25 -
Some 90.3% of the loans have had a clean payment history over the past 12 months, with a 1.3% delinquency rate.
March 25









