Karen Sibayan

Lender Processing Services and RentRange will offer rental property income data to mortgage servicers, investors and others who need it to make informed decisions about distressed housing assets.

The Federal Reserve Bank of New York announced the sale of the rest of the securities in the Maiden Lane III portfolio.

Two Harbors Investment Corp. plans to offer 35 million additional shares of its common stock in a public offering, using the proceeds to buy additional MBS.

The European Central Bank's (ECB) governing council has announced how the mandatory provision of loan-by-loan ABS data will be introduced into the securitization single loan-level data repository known as the European DataWarehouse.

A judge in New York approved a $40 million settlement in an MBS class-action lawsuit against individuals formerly affiliated with now-bankrupt Lehman Brothers Holding.

Congress is not likely to pass recently proposed legislation that would reform the Home Affordable Refinance Program and promote competition among mortgage servicers, according to analysts at the Royal Bank of Scotland.

The judge’s decision in a hearing the New York State Supreme Court held Tuesday afternoon on the $8.5 billion Countrywide Financial Corp. settlement appears to have kept the proceedings shorter than they otherwise might have been.

More than five months after the Home Affordable Refinance Program (HARP) 2.0 was announced and there is not much seen in terms of the program's impact on prepayment data, according to FTN Financial in a report released this week.

Even though third-party due diligence has always been performed on whole loans, the providers of these services have more skin-in-the-game now that rating agencies have very stringent requirements.

The CMBS market paralleled broader markets last week with buyers preparing for quarter end. The spreads were roughly unchanged week-over-week as trading volume slowed, according to Bank of America Merrill Lynch analysts.

The loss of revenue from the naming rights of the Kodak Theatre is negatively impacting the commercial mortgage-backed security that includes a mortgage for the renamed Hollywood and Highland Center, according to a report last week by analysts at Deutsche Bank Securities.

Moody's Investors Service has downgraded Ocwen Loan Servicing's rating as a special servicer to 'SQ2-' from 'SQ2'.

The outstanding amount of home mortgages as of 4Q11 fell $40 billion quarter-over-quarter and $240 billion year-over-year to $10.3 trillion, Standard & Poor's analysts noted, citing the Federal Reserve flow-of-funds data.

The Federal Reserve Bank of New York announced the sale of the rest of the securities in the Maiden Lane II LLC (ML II) portfolio.

Carrington Capital Management, a unit of Carrington Holding Co., and American Home Mortgage Servicing (AHMSI) have agreed to bring to a close the action filed by Carrington against AHMSI in 2009.

Barclays Capital analysts said in a report released last week that large region-specific note and REO auctions have become a regular feature in the past year.

Risk appetite in the U.S. triparty repo market is slowly returning, according to Fitch Ratings in a new report.

In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.

Credit Suisse analysts said in a press conference that the rampant use of principal forgiveness is a dangerous path because it promotes moral hazard. The true key to avoid moral hazard as well as what drives the re-default rate is not the type of modification but the level of payment reduction to the borrower’s mortgage.

Data provider CoreLogic has released an enhanced version of its RiskModel, which is a commercial analytics application utilized by the major banks and regulators to project future RMBS prepayments, defaults, losses and cash flows.