The Structured Finance Industry Group wants to make sure any housing-finance reform bill ensures continued liquidity in the MBS market. The Wall Street group recently penned a letter to Sens. Bob Corker, R-TN, and Mark Warner, D-VA, to give feedback on a draft version of the Senate bill.
A New York bankruptcy judge has ordered the bankruptcy estate of Lehman Brothers Holdings to pay $2.38 billion to cover legacy residential MBS claims filed by trustees in 2008.
“The short-term nature of the collateral paired with an attractive yield makes for a rare opportunity in today’s investing climate,” said Angel Oak’s Sreeni Prabhu…
The significant gains of nonbank mortgage lenders in the government-backed mortgage market suggests that nonbank failures could be quite costly to the government and taxpayers, according to a paper authored by three Federal Reserve Board economists and two university researchers.
As the Federal Housing Finance Agency continues to evaluate alternative credit scoring mechanisms, some experts argue that the agency isn’t doing enough to promote an updated scoring system while others say the current system works just fine.
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