Delinquencies on subprime auto ABS are rising, according to data from the Federal Reserve Bank of New York. But S&P Global Ratings said the situation may not be as bad as the Fed suggests.
Investment demand for data-center real estate investment trusts is likely to grow given the expanding demand for technology services, and it will not be risky, Morningstar Credit Ratings said in a new report.
The secondary mortgage market could be in for historic change in the wake of President Trump this week ordering the Treasury Department to end the conservatorships of Fannie Mae and Freddie Mac and come up with a new paradigm.
The market leaders in rating non-agency MBS and non-mortgage ABS retained their top rankings in 2018. S&P Global was the top rating service in the ABS market, according to a new Inside MBS & ABS market analysis, after rating $142.24 billion of new issuance, an 11.6% percent increase from 2017. [Includes two data charts.]
The Department of Housing and Urban Development has received its share of a $14.5 million settlement agreed to by Gateway Funding Diversified Mortgage Services to resolve allegations of failing to comply with FHA rules.
Freedom Mortgage, one of the largest non-bank lender/servicers in the nation and a top FHA/VA lender, is ready to issue $250 million worth of debt at a stunning cost of 10.75%. Now the question is: what will it do with the cash?
As it curtails the use of the False Claims Act to stop fraud in FHA lending, the Department of Housing and Urban Development is turning to technology to bring enforcement action and hold lenders accountable for harmful business practices, according to attorneys.
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