The Department of Housing and Urban Development last week announced stronger protections for homeowners and more favorable pricing for nonprofit participants in its Distressed Asset Stabilization Program but reactions from community and advocacy groups have been mixed. The program has been under fire because the bulk auctions of nonperforming mortgages have primarily benefited private equity firms and hedge funds, which bought the loans at a steep discount but did little to save homeowners from foreclosure or revitalize the communities where the properties backing the loans are located. HUD converted...

Non-depositories also added about $40.45 billion through the agency’s pools issued for immediate transfer program, or co-issuance option.

As one equities official noted: “It’s not fun being a stock analyst these days.”

The rating service said the expected loss benefit at the AAA level will likely be modest or immaterial for most transactions.

The bill would lower FHA’s current owner-occupancy requirement from 50 percent to 35 percent…

A recession in the U.S. could cause the 10-year Treasury bond to yield 1.0 percent…

The refi share of new applications is now at 61.6 percent…

Prime non-agency MBS issuance in the second quarter of 2016 was down by 74.1 percent from the previous quarter.

This attendee said one primary concern was whether nonbank Ginnie issuers would have the financial wherewithal to make advances to MBS investors in the event of another financial crisis.

The Democrats say they will “implement credit score reform to make the credit industry work for borrowers and not just lenders…”