Fitch Ratings has announced the addition of performance data for select issuers to its Performance Indices for the U.S. subprime residential mortgage-backed securities sector.The subprime issuers were chosen based on 2000-2003 issuance volume, and Fitch developed a performance index for each of the issuers' RMBS transactions going back to 1998, the rating agency said. The indices are segmented by product type (fixed- and adjustable-rate mortgages) and will be updated quarterly, beginning in October. Fitch can be found online at http://www.fitchratings.com.
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Heading into this week's Federal Open Market Committee meeting, the Fed's core indicators are painting a different picture of the economy than real-time measures, injecting more uncertainty into Wednesday's FOMC meeting than usual.
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The agency proposed to repeal a regulation that requires FHLBanks to submit formal notices before engaging in new business activities that carry unmanaged risk.
July 27 -
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
July 27 -
Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
July 27 -
The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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