Securitization

The appeals court ruling against Mortgage Electronic Registration System (MERS) that caused the GSEs and the Department of Housing and Urban Development (HUD) to reinitiate foreclosures on more than 1,600 Michigan properties was overturned by the state's highest court this week.

Some lenders are already chomping at the bit on 'HARP 2.0' and plan to hit the ground running to refinance Fannie Mae/Freddie Mac-backed mortgages when the application process commences on Dec. 1.

Mortgage bankers soon will be able to originate Federal Housing Administration (FHA) loans of up to $729,750 in high cost areas thanks to Congress, which passed a "minibus" appropriations bill Thursday night.

Pillar Multifamily and 801 Capital Finance Co. have entered into a correspondent agreement.

We are in a balance sheet slowdown: overleveraged households are tightening their belts, holding back on consumption, thereby choking off the economy's main engine.

The nominee to run the Federal Housing Administration (FHA) Thursday said she opposes extending higher limits on federally-insured loans.

Southern California Edison Co. has filed a preliminary prospectus supplement with the Securities and Exchange Commission (SEC) to issue First and Refunding Mortgage Bonds, Series 2011E.

Fitch Ratings has identified ‘A-’ as lowest rating for Italy at which triple-A ratings for structured deals from the country would be possible, the agency said in a release.

Single-family housing starts rose 4% in October from the previous month, but multifamily activity fell 13%, according to new government figures released Thursday morning.

Securitization industry experts speaking at yesterday's American Securitization Forum (ASF) sunset seminar asked for clarity on new regulation directly affecting the U.S. ABS market, specifically the Volcker rule.

Chicago,IL-based Clopton Capital plans to create larger conduits for lending CMBS loans.

CWCapital (CWC), Boston, on Thursday revealed that it has bought $2.6 billion of Fannie Mae multifamily servicing rights from Citigroup. No price was disclosed.

Residential delinquencies – excluding foreclosures – fell to 7.99% in the third quarter, the lowest reading since late 2008, when the nation's financial crisis was peaking, according to new figures released by the Mortgage Bankers Association (MBA).

Lender Processing Services (LPS) has responded to Nevada's attorney general filing charges against two LPS employees.

Standard & Poor’s Director Eric Gretch said the agency expected financial future flow transactions from new jurisdictions, although he did not offer an anticipated timeline in a video posted on S&P’s Web site.

The sale of Northern Rock to Virgin Money will not include the Granite RMBS that are tied to the bank's name, according to Royal Bank of Scotland (RBS) analysts.

Mortgage rates were little changed in the week ending Nov. 17, according to Freddie Mac's weekly primary Mortgage Market Survey.

Freddie Mac is planning a securitization this month of reinstated loans that have been current for at least 12 consecutive months.

In the first criminal case involving robo-signing of mortgage documents, Nevada's attorney filed charges Wednesday against two people accused of filing tens of thousands of false documents.