The outstanding carrying value advances for the 12 Federal Home Loan Banks increased during 2012 as the demand for advances showed signs of regional stabilization and certain FHLBank members increased their use of advances, according to the recent annual report by the FHLBank Office of Finance.
The three-judge panel of the Ninth Circuit overturned a lower courts ruling from last summer which determined the FHFA was not acting as conservator but as regulator when the agency halted GSE involvement with PACE programs.
A House Democrat proposes a bill to lower the cap on the Mortgage Interest Deduction. Meanwhile, could Sen. Sherrod Brown succeed Tim Johnson as Senate Banking Committee Chair?
Sellers of 'flow' and 'bulk' mortgage servicing rights are seeing a noticeable increase in prices for their MSRs as buyers chase both quality and bargains.
Roughly 270 depositories reported some mortgage buyback activity for 2012 but overall repurchases fell to a four-year low. Is the worst of the problem now over?
Moodys Investors Service issued a special comment this week to warn that the new non-agency jumbo MBS issued by JPMorgan Chase would not have received a AAA rating from Moodys, had the firm been asked to rate the deal. The rating service raised concerns about representations and warranties and a lack of risk retention on the deal.
The securitization of commercial real estate property increased by 28.7 percent from 2011 to 2012 as the non-agency commercial MBS market posted its best year since the financial market collapse and agency securitization of multifamily mortgages hit a record high. (Includes one data chart)