Latest news
Latest news
Meanwhile, BNP Paribas hires in structured finance
Aspire's first deal is a $391.28m non-prime securitization
Two lenders entering administration should signal to others: simplify the industry
More articles
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Freddie Mac will begin securitizing previously delinquent mortgage loans that have reclaimed their performing status.
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Google has helped clamp down on loan-modification scams by suspending advertising relationships with more than 500 Internet advertisers and agents associated with 85 alleged online mortgage fraud schemes and related deceptive advertising, according to the special inspector for the Troubled Asset Relief Program (SIGTARP).
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Michael DePietro is said to have left his position as head of trading for non-agency residential mortgage-backed securities at Morgan Stanley.
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Rep. Scott Garrett (R-N.J.) said raising the limit on Federal Housing Administration loans “makes no sense,” especially in light of the FHA’s shrinking cash reserve fund.
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Freddie Mac has announced that beginning this month it will start securitizing mortgages that had been delinquent but have returned to performing status.
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Market players seemed unfazed by the Federal Reserve Bank of New York’s announcement Tuesday that primary dealers trading mortgage-backed securities with the central bank will be held to stricter collateral requirements.
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Roy Chun has joined Freddie Mac Multifamily as asset management senior director of surveillance from the Federal Deposit Insurance Corporation.
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Issuance of residential mortgage-backed securities from the large U.K. master trusts continues to fuel Europe’s securitization volumes as the year draws to a close, though some investors remain concerned about a lack of diversity in the region’s ABS melting pot.
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IKB Deutsche Industriebank has filed suit against Credit Suisse over $215.5 million in residential mortgage-backed securities it bought from the Swiss bank.