A consensus is forming among consumer and housing groups that the ‘Qualified Mortgage’ (QM) rule should encompass a large chunk of conventional mortgages that are being underwritten today.
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JP Morgan said this week that its buyside survey shows that U.S. investor participation in U.K. RMBS has increased since September 2011.
June 5 -
Ocwen Financial Corp., a provider of residential and commercial loans based in Atlanta, Georgia, bought Aurora Bank’s commercial servicing portfolio.
June 5 -
As head of the Mortgage Bankers Association (MBA), David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market.
June 5 -
In a short note released this morning, Standard & Poor's analysts said that benchmark European covered bond issuance was €12.5 billion in May, up from €6.6 billion in April.
June 5 -
Bank of America (BofA) over the past two weeks has unloaded roughly $12.4 billion of legacy mortgage servicing rights, selling most of it to Nationstar Mortgage, Lewisville, Texas.
June 5
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The mounting pipeline of summer CMBS deals are likely to price wide across the capital structure as investors react to macro-economic uncertainty, Bank of America Merrill Lynch analysts said in a CMBS securitization report this week.
June 5 -
The Government National Mortgage Association (GNMA) approved 35 issuer licenses last year and hopes to approve about the same this year, according to agency president Ted Tozer.
June 5 -
Home prices – including distressed sales – increased in April for the second consecutive month (by 2.2%), the first time this has happened in almost two years, according to new figures compiled by CoreLogic.
June 5 -
Greece's RMBS sector would be one of the victims of the country's exit from the eurozone, which appears increasingly likely in the run-up to June 17 elections between parties supporting and opposing austerity measures, a condition of the country's bailout.
June 4 -
A federal judge Friday agreed to consolidate two suits National Credit Union Administration (NCUA) has brought against Wall Street banks for their sale of faulty RMBS that went bad and helped cause the failure of U.S. Central Federal Credit Union and WesCorp Federal Credit Union, the two biggest of five corporate credit union failures.
June 4 -
Foreclosure sales have been declining for more than a year, while short sales have been gaining ground, according to a CoreLogic economist.
June 4 -
BlackRock has launched its global real estate securities capability, which is an investment platform born from BlackRock's experience in the real estate investment business.
June 4