Lloyds Banking Group plans to auction about $8.7 billion of U.S. mortgage securities without government backing that were issued before the credit crisis.
JPMorgan has another prime jumbo mortgage-backed securities deal in the pipeline, according to three companies presale ratings reports.
Gary Delgado learned last week from a note slipped under his door that the rent for his two-bedroom apartment at Manhattans Stuyvesant Town will jump by $920 to $4,220 a month in July.
Ellington Management Group is looking to get into the loan production business and towards that end it has hired former GMAC Mortgage executive Steven Abreu as head of mortgage originations.
Home Loan Servicing Solutions completed an acquisition from Ocwen Financial Corp. of rights to receive servicing fees and other advances on subprime and alt-A residential mortgage loans.
New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.
Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.
Under the settlement, Ally will pay $1.95 billion in cash to the ResCap bankruptcy estate, plus $150 million in insurance proceeds.
Pending home sales in California fell 3.7% on a month-to-month basis in April.
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