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The cure/default ratio for the nation's private mortgage insurers was 112.2% in February, the first time there has been more new cures than defaults since May 2010, according to data collected by the Mortgage Insurance Cos. of America.
March 31 -
The Federal Reserve Bank of New York plans to begin more extensive salesof the nonagency residential mortgage-backed securities in its Maiden Lane II LLC portfolio into an improved market for the bonds, turning down AIG’s offer to buy back the securities.
March 31 -
The number of completed foreclosures in Massachusetts dropped by 44% in February to 515, down from 917 during the same month last year, according to The Warren Group.Foreclosure petitions also saw a year-to-year decrease of 67% from 2,122 in February 2010 to 694 this year.
March 31 -
Top Republicans on the House Financial Services Committee are once again criticizing Elizabeth Warren, who is leading the Consumer Financial Protection Bureau creation, for her role as an advisor in the mortgage servicer settlement talks.
March 31 -
Refinancing activity is dropping rapidly in the industry and is starting to affect MBS issuance by Fannie Mae.
March 31 -
Arkansas has become the 22nd state to restrict private transfer fees which require a percentage of a home's sales price be paid to a private third-party each time the property is sold — often for up to 99 years.
March 31 -
The Department of Housing and Urban Development late Wednesday named former Freddie Mac executive Robert C. Ryan acting commissioner of the Federal Housing Administration, replacing the departing David Stevens.
March 31 -
Lewis Ranieri, the co-inventor of the MBS, on Wednesday predicted that the new 'qualified residential mortgage' rule will push more borrowers into non-QRM loans who would normally qualify for a Fannie Mae or Freddie Mac product.
March 30
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A fire that destroyed a five-story condominium building in August 2010 just two days before the original closing date did not hinder Mountain Real Estate Capital from acquiring the distressed property this March from Capital One Bank.
March 30 -
Tranzon Auction Properties has been selected by TD Bank to market and auction over 300 properties throughout the Southeast.
March 30
