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In January, Fitch Ratings put out a report that highlighted ratings volatility in securitizations that are retained by European originators, primarily to use as collateral for funding with the European Central Bank (ECB).
February 1 -
In his Jan. 24 State of the Union address, President Obama stated that he was sending to Congress a plan that gives responsible homeowners the chance to refinance into historically low rates. He said that through this prospective program, homeowners can save roughly $3,000 per year on their mortgage.
February 1 -
The Consumer Financial Protection Bureau still has to make a key decision before it can finalize a regulation that will determine what kind of loans -- and features -- mortgage bankers can offer consumers without facing potential legal liability of up to $100,000 per unit.
February 1 -
The national vacancy rate for single-family homes fell in 2011 as foreclosures slowed and sales of empty units increased by 14% over the past four quarters, according to new government figures released Tuesday morning.
February 1 -
The banking regulators reissued guidance on Tuesday that requires institutions to monitor all credit quality indicators for mortgage borrowers, specifically citing junior liens as a potential problem.
February 1 -
Ally Financial disclosed Tuesday that it will incur a $270 million charge in the fourth quarter – and an overall loss for the entire firm – due to what it calls “penalties” imposed by regulators and the states tied to “foreclosure related matters.”
January 31 -
DZ Bank sued JPMorgan Chase yesterday in the New York State Supreme Court in Manhattan, according to a Bloomberg report.
January 31 -
The agency debt and agency MBS fails charge trading practice recommended by the Treasury Market Practices Group (TMPG) goes into effect tomorrow.
January 31 -
A proposal by the Obama administration to help more struggling borrowers refinance into cheaper loans is prompting questions: Could it prompt an increase in interest rates, after a long period of low rates? And is this a program that can relieve the housing crunch, or just another Band-Aid?
January 31 -
The Consumer Financial Protection Bureau (CFPB) released its first semi-annual report to Congress Monday, outlining the steps it has taken to get the bureau off the ground in its first six months.
January 31
