According to the Department of Housing and Urban Development, FHA has nearly exhausted its $25 billion authority for FY 2013 to insure multifamily, risk share and health care programs.
According to figures compiled by IMF, U.S. Bank Home saw its residential fundings slip to $18.62 billion in the second quarter compared to $22.46 billion in the first.
The SEC said the deal has taken nearly $70 million in losses the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.