Securitization

The 'qualified mortgage' rule that the Consumer Financial Protection Bureau (CFPB) is working on is expected to limit the kind of mortgages that lenders can make – but may also curb the size of the loans they originate as well.

In a report released today, Barclays Capital analysts said that the potential supply the Federal Reserve's planned sales of parts of its Maiden Lane III (ML III) portfolio should keep a lid on pricing for the AJ tranches on CMBS deals.

Commercial mortgage banker Walker & Dunlop, Bethesda, Md., has hired three new producers in its capital markets group.

Bank of America Corp. (BAC) is preparing to sell off hundreds of foreclosed homes in bulk as part of its ongoing effort to clear out its inventory of distressed assets.

Mortgages slightly outperformed through Thursday as investors took advantage of cheapening that occurred in the early part of the week.

JPMorgan Chase reclassified $1.6 billion of mortgages as nonperforming loans at the urging of regulators — even though the loans are still in good shape, executives said Friday.

Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, on Thursday sided with top regulators in saying they were unlikely to complete the Volcker Rule by its summer deadline."It is not clear at all that we will make the July deadline given the complexities," Plosser told reporters following a speech before the National Economist Club.

Total SLABS year-to-date issuance is $3 billion this year. which includes the most recent Sallie Mae offering, Standard & Poor's analysts said in an emailed market summary this morning.

It's no secret that nontraditional players have been gobbling up mortgage servicing rights on the cheap, shifting the power structure in a business that has rapidly seen its fortunes wane during the nation's housing depression.

Some of the biggest players in the CLO industry are embroiled in a contract dispute.

Aurelius Capital Master and UBS have withdrawn from suits against bond-insurer MBIA.

A lack of comprehensive planning by the Treasury Department and an inability to enlist servicer participation has stymied a federal program that provided billions in borrower assistance to state housing agencies, according to an inspector general's report.

Different banks have reportedly started preparing bids for the pontential Maiden Lane III (ML III) sales by the Federal Reserve that were in the news last week.

Residential real estate activity showed “some” improvement in March, but there were few signs of spring for the single-family housing market in the Federal Reserve's Beige Book report released Wednesday afternoon.

FICO's new chief executive is starting in defense mode, as the credit-score giant looks to regain the reputation and business it has lost in the wake of the financial crisis.

Foreclosure filings fell in the first quarter to their lowest level since the end of 2007, according to new figures compiled by RealtyTrac, but the mortgage and housing industries shouldn't pop the champagne quite yet.Default notices, scheduled auctions and bank repossessions were reported on 572,928 properties during the quarter, a 2% sequential decline, and a 16% drop from a year ago.

The JPMorgan Chase Commercial Mortgage Securities Trust 2012-C6 deal expected to price next week is in the market.

Santander U.K. has priced its $1.2 billion RMBS issued under its Holmes Master Trust.

The government controlled Ally Financial Thursday morning filed an amended S-1 statement with the Securities and Exchange Commission, saying it hopes to sell $100 million worth of common stock to the general public.