Securitization

As of January 2011, the "shadow inventory" of homes declined slightly from the same time period a year ago, but nine months' worth of supply still remains, according to a new report released by CoreLogic.

Lewis Ranieri, the co-inventor of the MBS, on Wednesday predicted that the new 'qualified residential mortgage' (QRM) rule will push more borrowers into non-QRM loans who would normally qualify for a Fannie Mae or Freddie Mac product.

The Federal Reserve declined American International Group’s offer to buy all of the assets in Maiden Lane II LLC (MLII), according to a release from the Fed.

SKS Microfinance announced the securitization of receivables worth Rs 550cr ($12.3 million) from microfinance (MFI) borrowers.

Although federal regulators aren't giving many specifics as to how they might change servicing compensation, at least one participant in recent meetings with the government said they've decided on a number: 12.5 basis points.

Fannie Mae's relatively new Guaranteed Multifamily Structures Program is gaining market traction.

The House of Representatives late Tuesday voted to kill HAMP, the White House's signature loan modification program and to stop the administration from spending more TARP funds on foreclosure prevention programs.

The Mortgage Bankers Association (MBA) hired Thomas Kim as vice president of commercial regulatory policy.

Not surprisingly, mortgage application activity declined in the week ending March 25 as a result of an uptick in mortgage rates.

Taking a piecemeal approach to housing reform, House Republicans introduced a series of bills Tuesday to scale back Fannie Mae and Freddie Mac.

Depending on who you talked to, the risk-retention proposal out Tuesday would either restore sensible standards to the lending market or result in a significant credit crunch.

Federal regulators are making it difficult for issuers of all types of MBS to escape the costs of risk retention.

Credit Suisse has filed an S-3 statement with the Securities and Exchange Commission to issue under its Home Equity Mortgage Trust.

Smaller, thinly capitalized investors in nonperforming mortgages could face liquidity concerns in the coming months as private equity investors begin to re-examine their commitment to the business while bolting for higher returns elsewhere.

The Federal Reserve Board also proposed a rule that would require ABS sponsors to retain at least 5% of the credit risk of the assets underlying the securities.

Tom Deutsch, the executive director of the American Securitization Forum (ASF), has issued a statement in support of the Federal Deposit Insurance Corp.'s (FDIC) vote today to approve proposing risk retention rules jointly with other federal regulators.

Congressional demands for the Federal Housing Administration (FHA) to improve transparency, data accuracy, and legacy technology platforms have been backed by additional resources allocated to the effort.

Home values are falling in most major U.S. cities – except the nation's capital — and the average price in four of them are at their lowest level in 11 years, according to the newly released Standard & Poor's/Case-Shiller home price index.

The Federal Deposit Insurance Corp. (FDIC) held a press conference this morning ahead of its meeting to discuss the proposal on risk retention and the all important missing piece of the puzzle — Qualifying Residential Mortgages (QRM).

Hudson City Bancorp said Monday it has completed a "restructuring" of its balance sheet that reduced its high-cost borrowings and should allow for "increased future net interest income."