Interest rates on mortgages increased steadily throughout the second quarter, diminishing demand among non-agency MBS investors to some extent. (Includes data table.)
A working group at the National Association of Insurance Commissioners proposed harsh treatment of multi-collateral structured credit investments at insurance companies.
A New York appellate court upheld a ruling that deferred mortgage loan principal payments under a crisis-era loan-modification program should be treated as subsequent recoveries.
Several themes emerged from the feedback the Securities and Exchange Commission received in response to its concept release on changes to Reg. AB2 disclosure standards for publicly-registered deals.
The trade group envisions a modern records retrieval system that eliminates the need to move the loan documents associated with mortgages that collateralize both agency MBS and non-agency MBS.
Even when excluding a large issuance in the first quarter of seasoned closed-end second liens, securitizations of home equity loans declined on a quarterly basis in the second quarter. (Includes three data files.)