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The Financial Industry Regulatory Authority (FINRA) issued a trade reporting notice today regarding when to report ABS to the Trade Reporting and Compliance Engine (TRACE).
May 10 -
Assured Guaranty’s recent settlement with Bank of America allowed it to post much higher operating earnings in the first quarter compared with 2010, but actual business production fell about a third.
May 10 -
Ambac Financial Group, the holding company for bankrupt bond insurer Ambac Assurance, has agreed to settle a lawsuit claiming it misled shareholders about the risks the company took on insuring subprime mortgages.
May 10 -
The recovery prospects for second-lien holders in residential foreclosures keep looking dicier.
May 10 -
John Daurio, chairman and CEO of Kondaur Capital, is stepping down as the day-to-day manager of the nonperforming loan (NPL) investing firm, according to officials close to the situation.
May 10 -
Reported incidents of subscriber-verified mortgage fraud and misrepresentation by industry professionals have decreased from 2009 to 2010, according to a recent report by the LexisNexis Mortgage Asset Research Institute. Actual incidents, however, as opposed to reported, are believed to be up.
May 10 -
After months of stalemate, the state attorneys general have proposed new terms to the top five mortgage servicers that drop some controversial provisions of their first attempt at a settlement, including a push to force banks to reduce principal on thousands of mortgages.
May 10 -
An over-concentration of subprime MBS caused the failure of Members United Corporate Federal Credit Union, the one-time $14 billion corporate that is restructuring itself, National Credit Union Administration (NCUA) said in a new report issued last night.
May 10 -
Residential servicers completed 36,400 Home Affordable Modification Program (HAMP) modifications in March, a 39% jump from February, according to a new report from the Treasury Department.
May 9 -
Home values showed the sharpest quarterly declines since 2008, falling 3% in the first quarter this year, according to Zillow’s real estate market report.
May 9
