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Redwood Trust Inc., the nation’s only active securitizer of jumbo residential loans, posted stellar earnings of $30 million in the first quarter, a 66% jump from the same period a year ago.
May 4 -
Nonbank trade groups are calling on the Consumer Financial Protection Bureau to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.
May 4
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The New York Federal Reserve has initiated a competitive bid in response to reverse inquiries for the holdings in two mortgage-related Triaxx collateralized debt obligations in the Maiden Lane III portfolio.
May 4 -
Annaly Capital Management Inc.generated a GAAP gain over the previous and year-ago quarters, and relatively stable earnings outside of unrealized gains or losses on financial instruments.
May 3 -
First-quarter surveillance of U.S. commercial mortgage-backed securities and commercial real estate collateralized debt obligations suggest slow growth for CRE property markets this year.
May 3 -
PennyMac Mortgage Investment Trust earned $19.1 million in the first quarter, a slight decline from the prior period.
May 3 -
Its not easy being president. Just ask George W. Bush or Jimmy Carter. As for the current inhabitant of the White House, he was a bit late to the game when it came to tackling the housing and mortgage crisis. He wants to fix the housing/mortgage mess and he controls (sort of) three entities that can aid in that recovery: Fannie Mae, Freddie Mac and HUD/FHA
May 3
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House Republicans are wading back into the debate over whether to allow principal reductions on Fannie Mae and Freddie Mac mortgages.
May 3 -
Freddie Mac began purchasing HARP 2.0 loans in January and by the end of the first quarter had acquired $5 billion of these refis, according to the company’s first-quarter securities filing.
May 3 -
Housing and Urban Development Secretary Shaun Donovan will testify before Congress next Tuesday regarding efforts to allow more Americans to refinance their mortgages.
May 3
