A former employee of Standard & Poor’s Rating Services beat fraud charges alleging she loosened S&P’s rating methodology for commercial MBS to generate business for her employer. However, she was found liable of the lesser charge of negligence for failing to disclose the change. In his initial Aug. 29 decision, Administrative Law Judge James Grimes of the Securities and Exchange Commission’s administrative court said that while Barbara Duka did change the firm’s rating methodology for CMBS, he found no evidence that she intended to manipulate, deceive or defraud investors. Rather, Duka, manager of S&P’s CMBS rating group, did...

Just because consumers might be off the hook for at least 90 days on making their payments, MBS investors will want their money, noted on observer…

Homebuyers are increasingly relying on co-borrowers to help with home purchases...

It appears that 2017 is shaping up to be one of the biggest years for the first-time homebuyer market…

In case you’re wondering the concept of GSE “recap and release” is not under consideration...

Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle...

The increase in delinquencies was driven by loans going late in 30-60 day category…

In late August, a notice appeared on the website of the Federal Trade Commission under the banner of the agency’s “pre-merger notification program,” identifying Wells as the winning bidder…

ICBA’s comment marks the first time that a major industry trade group has questioned putting Fannie and Freddie into conservatorship…

The new security is backed solely by loans from Caliber...