After popping up eight basis points last week after holding at a record low 3.87% for three weeks, 30-year fixed mortgage rates declined five basis points to 3.90% for the week ending March 1, according to Freddie Mac's survey.
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The Federal Reserve Bank of New York set a Thursday deadline for all bids on the MAX CDO holdings of its Maiden Lane III portfolio.
April 24 -
The Securities and Exchange Commission (SEC) has charged credit rating agency Egan-Jones Ratings Co. (EJR) and its owner and president Sean Egan for material misrepresentations and omissions in their July 2008 application to register as a Nationally Recognized Statistical Rating Organization (NRSRO) for ABS and government securities issuers.
April 24 -
Standard & Poor's reported Tuesday morning that home prices fell in February for the sixth consecutive month to the lowest level since 2002.
April 24 -
Fitch Ratings today released a report looking at the global exposure to refinancing risk in the structured finance and covered bonds markets.
April 24 -
The past is coming back to haunt former Fannie Mae chief executive James A. Johnson.
April 24
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A $20 billion package of residential mortgage servicing rights being offered by Bank of America has yet to trade even though the bidding ended about two weeks ago, according to investment bankers familiar with the deal.
April 24 -
Don Curtis, vice president of business development for Carrrington Mortgage Services, Santa Ana, Calif., has left the company.
April 24 -
Price guidance a new $414 million CLO to be managed by Sankaty Advisors has emerged in line with other recent transactions, according to two people familiar with the deal.
April 23 -
Bearish technicals around the Federal Reserve's potential asset sales out of its Maiden Lane III portfolio are still weighing on the CMBS market, according to JPMorgan Securities analysts in their most recent weekly report.
April 23 -
Sterling covered bond volume has been quite high beginning in 2012. Public placement volumes are already more than the levels seen in any previous year, Moody's Investors Service said in a new special comment published today.
April 23 -
Securitization in non-traditional ABS asset classes will increase this year, according to a Standard & Poor's report emailed this morning.
April 23 -
The mortgage industry will be saddled with high legal costs if the Consumer Financial Protection Bureau (CFPB) provides a low bar for attorneys to challenge a lender’s adherence to the bureau’s “ability to repay” underwriting standards, according to the Consumer Mortgage Coalition (CMC),which represents some of the nation’s largest banks.
April 23