The Federal Deposit Insurance Corp and other regulators are looking for ways to help delinquent subprime borrowers avoid foreclosure and have invited Wall Street bond market officials to a forum on April 16 to help."We are inviting the participants in the subprime securitization market to join us in trying to come up with some constructive ideas," FDIC general counsel Sara Kelsey said. In taking an enforcement action against Fremont General Corp., FDIC directed the California subprime lender to develop a plan to work with its delinquent borrowers. "The goal is to restructure the loans so that the borrowers would be able to repay them," Ms. Kelsey said at a Women in Housing and Finance meeting.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
9h ago -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
June 26








