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Conventional 30-year prepayments increased around 12% versus an expected 6%-7%.
March 7 -
Nationstar Mortgage and an affiliate company Newcastle Investment Corp. have agreed to acquire roughly $63 billion in mortgage servicing rights from Aurora Bank, a subsidiary of the bankrupt Lehman Brothers.
March 7 -
The number of foreclosure sales spiked in January as banks and government agencies started to clear the backlog of properties that have been in the foreclosure process for several years, according to data released Tuesday.
March 7 -
As cities and towns across the country struggle to pay bills and prevent troubled properties from giving rise to blighted neighborhoods, they're turning by the hundreds to a new tactic.
March 7 -
President Barack Obama today announced the changes to the Federal Housing Administration (FHA) streamlined refinancings.
March 6 -
Investors will get a shot at picking up U.K. subprime paper via the new securitization of assets that were originated by GMAC Residential Funding Co.
March 6 -
Standard & Poor's analysts are projecting that 2012 Canadian covered bond issuance will reach C$20 billion. However, this number is below 2011's record C$25.7 billion.
March 6 -
The Treasury Department has agreed to pay $171 million that it withheld from Bank of America, and JPMorgan Chase after the two servicers fixed problems in how they handled government-backed residential loan modifications.
March 5 -
Bank of America issued just $7.9 billion of Ginnie Mae securities in the fourth quarter, a 71% plunge from the same period in 2010, according to new figures compiled by ASR's sister publication, National Mortgage News and the Quarterly Data Report.
March 5 -
If the U.S. economy needs more stimulus, resuming the Federal Reserve's MBS purchase program “would probably be the best course of action,” according to San Francisco Federal Reserve President John Williams.
March 5