-
Mortgage bankers will be allowed to securitize Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) guaranteed loans without a risk retention requirement and certain GSE loans will be exempt as well, according to final provisions of the regulatory reform bill worked out late Thursday night.
June 25 -
After a marathon final day of debate, the regulatory reform process ended in the early hours of Friday in the same dramatic manner it had been conducted for more than a year: with a near breakdown followed eventually by a miraculous save.
June 25 -
BlackBox Logic revealed contracts with several new clients who will use the firm's loan-level data aggregation service called BBx Data(TM), for their RMBS research and forecasting needs.
June 24 -
Covered bond issuance has been strong over the past five trading days on the back of banks looking to take advantage of the final days of the European Central Bank's (ECB) purchase program. The program ends in the middle of next week.
June 24 -
Fannie Mae has made policy changes that will penalize borrowers opting to strategically default. The changes are designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure.
June 23 -
Independent broker-dealer Braver Stern Securities hired investment strategist Scott Buchta as a managing director and the head of investment strategy.
June 22 -
The Securities and Exchange Commission (SEC) charged Thomas Priore and three of his affiliated firms with fraudulently managing MBS as the housing market was starting to crash in 2007.
June 21 -
Amherst Securities Group named John Caputo as its primary CMBS trader, effective June 21.
June 21 -
The big three credit rating agencies have long made the disclaimer that investors should not use ratings as a substitute for independent judgment. Now regulators want banks to prove they aren't doing that.
June 18 -
Mortgage bankers originated $16.3 billion of jumbo loans in the first quarter, a 2% decline from the same period last year but a much stronger performance than the overall market, according to figures compiled by National Mortgage News.
June 18
