Finance

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

Analysts at Fitch Ratings have returned Old Republic International Corp. to Ratings Watch Negative status following the cancellation of the spinoff of the mortgage insurance business into a separate entity.

The Federal Housing Administration's increase in mortgage insurance premiums for streamline refinancings dragged down the amount of government loan applications and in turn total loan applications for the week ended June 22.

The continued uncertainty and regulatory delays surrounding key mortgage rules mandated by the Dodd-Frank Act are keeping potential issuers of private-label MBS on the sidelines.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the company should have been aware of the risks it was taking.

Dodd-Frank and regulations like the Volcker Rule are so complex that even regulators can't figure them out, according to Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association.

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.

Freddie Mac purchased $30.7 billion in residential mortgages from lenders in May, up 19% from April.

The Federal Home Loan Bank of Boston is teaming up bank employees with student volunteers from Bike & Build, a nonprofit organization whose mission is to construct affordable housing across the nation through cross-country bicycle trips that benefit affordable housing developers.

Ratings agency presale reports came out last week on the latest deal from Sequoia/Redwood, the only consistent issuer/aggregator of nonagency/jumbo securitizations.

Customers Bancorp in Wyomissing, Pa., is giving up nearly 20% of its ownership to venture into the greater Washington, D.C., market.

A Texas community bank is leading a lawsuit against the Consumer Financial Protection Bureau.

Lenders of all different sizes continue to receive buyback requests from Fannie Mae and Freddie Mac—sometimes on loans that are upwards of five years old.

Mortgage cases are shifting to become more fact-intensive, rather than legal-intensive, meaning investors’ attorneys need witnesses to explain the circumstances in a case.

A 2006 commercial mortgage-backed security deal collateralized by two very different properties in Hawaii and New York, respectively, has ended up affected by stressors that have increased its Fitch loss expectations and caused the rating agency to downgrade one investment grade class.

The lack of retail and office space in East and West Africa is constraining business growth in both areas across a continent that is rapidly becoming more urban.

Suzanne Hutchinson will retire at the end of the year from her post as executive vice president of the Mortgage Insurance Cos. of America.

Operation Twist, which involves sales or redemptions of shorter-term securities and investments in an equal amount of longer-term securities, was slated to end this month, but the Fed instead has chosen to continue it through yearend.

Redwood Trust soon will market another new jumbo MBS deal—this one, like the others—dominated by California mortgages which comprise just over 49% of the bond.

U.S. consumers owed $8.995 trillion on their residential loans at the end of March—the lowest debt figure recorded in almost five years.