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The Securities and Exchange Commission (SEC) has charged RBC Capital Markets for misconduct in the sale of "unsuitable investments" to five Wisconsin school districts.
September 27 -
The current residential shadow inventory as of July 2011 dropped slightly to 1.6 million units, which represents a five-month supply, according to a CoreLogic report released today.
September 27 -
Home prices rose almost 1% in July following a 1.2% increase in June, according to the new Standard & Poor's/Case-Shiller house price index.
September 27 -
The Federal Housing Finance Agency (FHFA) as early as this week may release a new discussion paper on restructuring servicing compensation for GSE loans while seeking a new round of public comments on proposed changes.
September 27 -
Freddie Mac relied on a botched loan review process for key data used to justify its landmark settlement with Bank of America Corp., the Federal Housing Finance Agency's (FHFA) inspector general has concluded.
September 27 -
Freddie Mac purchased $28 billion of mortgages from its seller/servicers in August, a 33% spike from the prior month, and a clear sign that originations are picking up in the primary market.
September 26 -
New homes sold at an annualized rate of just 295,000 units in August, the worst reading in six months, according to new government figures released Monday morning.
September 26 -
The New York Federal Reserve released today a set of FAQs about the change in the Fed's reinvestment policy for agency MBS and debt securities.
September 26 -
Ranieri Real Estate Partners and private equity funds affiliated with WL Ross & Co. have agreed to acquire Deutsche Bank Berkshire Mortgage (DBBM) today.
September 26 -
The supply/demand outlook for the mortgage market changed in the blink of an eye on Wednesday with the unexpected Federal Open Market Committee (FOMC) announcement that the Federal Reserve will once again be buying MBS starting on Oct. 3.
September 23