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The GSEs first STACR transaction of 2014 seeks to offload the risk of a $31 billion mortgage pool with comparable credit scores but higher loan-to-value ratios than in recent securitizations.
February 5 -
American International Group and other objectors to Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors including BlackRock asked a judge to delay entry of a ruling approving the pact.
February 5 -
K-deals transfer a portion of the mortgages' risk away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds in transactions.
February 4 -
There were 11 of the 17 Mortgage Industry Equity Composite members which closed higher.
February 4 -
Refinances will make up just 38% of single-family originations this yeardown from 60% in 2013 and 70% in 2012, according to Freddie Mac.
February 4 -
He also calls for a cut in fees for title policies, but no one can find where it is in the budget.
February 4
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Freddie Macs regulator capped its multifamily production at $26 billion last year.
February 3 -
The sequestration and political wrangling last year meant fewer direct RHS mortgages last year, while the safety of the federal eagle on guaranteed loans appealed to lenders.
February 3
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There are five Mortgage Industry Equity Composite members which closed 4% or more lower than they did on Jan. 31.
February 3 -
Donovan seeks $5 billion a year to preserve and increase the supply of rentals for extremely low-income families.
February 3 -
The price the bank had to pay related to Countrywide mortgage fraud claims escalated over time, exemplifying the governments willingness to seek draconian penalties against banks it deems acted intentionally.
February 3
Offit | Kurman -
Litigants had dropped some objections over the last two years given housing-related improvements in private-label residential mortgage-backed securities performance, according to a Fitch report.
February 3 -
There's an elephant in the room amidst discussions on how to unwind Fannie Mae and Freddie Macthe two government-sponsored enterprises are now making money hand over fist.
February 3 -
FHA officials believe lenders will qualify more borrowers with sub-680 credit scores via manual underwriting, but there is concern they will simply limit originations to plain-vanilla FHA.
January 31
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The slide in refinancing brings commitments to purchase new mortgages to its lowest level since June 2011.
January 31 -
The portfolio also has an average loan size of $265,833 and is 100% first lien.
January 31 -
These institutions see an opportunity in a declining market to fill a void created by competitors exiting.
January 31
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The settlement is part of CEO Brian Moynihans efforts to resolve liabilities tied to faulty mortgages that have cost the company at least $50 billion since the financial crisis.
January 31 -
The title underwriter will contribute its restaurant and auto parts investments into a new subsidiary.
January 31 -
The pool has a relatively high concentration of 11 hotel properties securing close to 21% of the allocated loan balance.
January 31
