Efforts to securitize mortgages and other assets are making headway in Asia, but they still face some challenges, according to two recent reports on the outlook for the market.Asian markets like Hong Kong's, which raised funds through a mortgage-backed securities program last year, show potential for seeing issuance activity again this year, according to a report by Moody's Investors Service. But in China, for example, there still exist conditions that are "drawbacks" for the development of a residential MBS market, Standard & Poor's reported. These include "the immaturity of the secondary housing market" in that country, S&P said. S&P can be found on the Web at http://www.standardandpoors.com.
-
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
4h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
8h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
11h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24