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Fannie Mae is marketing its first offering of the year of Connecticut Avenue Securities, which offload some of credit risk of mortgage that it insures, according to rating agency reports.
February 10 -
U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.
February 9 -
A federal regulator's decision to kick mortgage real estate investment trusts out of the Federal Home Loan Bank System does not seem to be alarming Two Harbors Investment Corp., which will be forced to exit within five years.
February 8 -
With only $16 billion in issuance in January, the market for new securitizations fell by $2 billion from December and is less than half of the new structured finance supply from January 2015.
February 2 -
Freddie Mac has taken out another reinsurance policy that transfers risk of default on mortgages it insures.
February 2 - Europe
A £524.4 million (US$755.6 million) series of prime, owner-occupied mortgage loans originated by UKs Skipton Building Society will be packaged into the fourth securitization pieced together by the UK financial institution.
February 2 -
Kevin Palmer, senior vice president of credit risk transfer at Freddie Mac, holds that the timing of transactions offloading the risk of default on mortgages is less important than what he terms reimbursement risk."
February 2
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Veteran corporate structured finance attorney Chris Gavin has taken a partnership role in the capital markets group at Cadwalader, Wickersham & Taft, joining the New York firm as it looks to expand its mortgage ABS practice.
February 1 -
Clayton Holdings said Monday that it had been selected by Angel Oak Capital Advisors to be the representation and warranty reviewer for a $150.4 million private-label securitization of non-prime loans.
February 1 - Europe
Paragon Mortgage may be scaling back its loan securitizations in 2016, with plans to utilize the increased deposit base at parent Paragon Bank to fund more originations of its core buy-to-let mortgage business to family landlords.
January 27
