Analysts and investors are keeping a close eye on New Residential Investment Corp. these days, not because of bond market and interest rate fluctuations but because of its close ties to ailing Ditech Financial.
A new regulation set by the European Union for MBS and ABS issuance took effect at the start of the year. Though the rules don’t directly apply to U.S.-based deals, issuers here might have to comply if they want European investors to buy into their bonds.
Ginnie Mae again failed to correct an accounting flaw in its financial statements, prompting the Department of Housing and Ur-ban Development to withhold its opinion on the agency’s 2018 financial statement for the fifth consecutive year.
The sample letter from the Office of Personnel Management notes that because of the shutdown, the federal worker’s income has been severely cut and they are unable to pay the entire cost of their mortgage...