Investors punished Nationstar Mortgage, sending shares down more than 10% Wednesday, down $3.15 a share to $27.96 a share, after the nonbank servicer announced a capital raise of roughly $500 million that will dilute existing shareholders.
The leader of the Senate Banking Committee said he'd rather leave Fannie Mae and Freddie Mac in U.S. conservatorship than pass a bill that includes explicit government support for the housing market.
If you thought the subprime mortgage-backed security was an artifact of the past, think again. Nomura Holdings and Angel Oak Capital have a deal that may help revive the part of the market that went bust during the crisis. Their success could encourage more banks to dip their toes back into riskier mortgages.
House Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced a vote for Thursday of 11 bills aimed at lessening regulatory burden on banks by changing aspects of the Dodd-Frank Act and associated regulations.
From Our Blogs
»Servicers Should Engage Mediators in Distressed Borrower Outreach
»Pre-Approvals, Part Two: Yes, They Will Soon Be Worthless
»Short Memories Often Have Long-Term Consequences
»Prune HMDA Reporting Requirements for Small Banks
»Clarifying the Department of Labor's Loan Officer Ruling
»Dangers of Housing Policy 'Hidden in Plain Sight' No More
»Refreshing Policies and Procedures Through Interior Redesign
»Watch Out for FHFA's Loophole in Home Loan Bank Plan
»Implementing Strategy Starts with the Budget
»Affordable Housing Can't Be Held Hostage to GSE Stalemate
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