Fannie Mae received high, but not quite perfect, marks from the Federal Housing Finance Agency in its compliance with the FHFAs Conservatorship Scorecard.
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)
New loan-level performance data released this month by Freddie Mac indicate that the impact of risk layering may be more significant than observers previously thought, according to analysts at Amherst Securities Group.
The U.S. Supreme Court has denied a petition to review a federal appeals court decision to reinstate a securities class action lawsuit filed by MBS investors against Goldman Sachs. In denying the petition, the SCOTUS let stand a ruling by the U.S. Court of Appeals for the Second Circuit to overturn a lower courts decision to dismiss the plaintiffs suit for lack of standing and for failure to show injury.
Investors in ABS backed by private student loans strongly oppose proposals in Congress to change bankruptcy laws in an effort to help such borrowers. In a letter this week to members of Congress, the American Securitization Forum said the proposals would increase the cost of private student loans and harm the investments of those holding private student loan ABS.