MountainView also will extend credit to borrowers who recently completed bankruptcy.

FHFA Director Mel Watt wants to ban companies from using their captive insurance affiliates from joining the FHLB system.

Two previous cases have raised similar issues tied to the legal theory of disparate impact.

Back in May, Pershing Square founder William Ackman said the common stock of Fannie Mae and Freddie Mac could be worth at least $23 a share. Huh?

Among our findings, a few things stand out, including the ascension of PennyMac to the number two position among Ginnie Mae issuers.

Calvin Wong of Morningstar noted that rating shopping is most obvious in the commercial MBS market

For those lenders originating HELOCs, they will have more failed loans on their hands – that is, if the theory is proved true.

“Rating shopping is alive and well,” Calvin Wong, chief credit officer at Morningstar Credit Ratings, said last week at the ABS East conference in Miami Beach. The Securities and Exchange Commission recently released a rule setting new requirements for the rating services, but Wong warned that the SEC hasn’t done enough to address the issue. He said...

The market for non-agency MBS backed by nonperforming and re-performing home loans has grown exponentially in recent years. However, the sector remains relatively small and regulatory concerns persist regarding servicing practices. At the ABS East conference produced by Information Management Network last week in Miami Beach, Susan Valenti, a director at Wells Fargo Securities, said $1.0 billion of non-agency MBS backed by nonperforming loans and re-performing loans was issued in 2011, followed by $2.0 billion of such issuance in 2012, $5.7 billion in issuance in 2013 and $5.2 billion in issuance thus far in 2014. Most of the deals aren’t...

Skyline Lending is ready to roll out a new non-agency product and plans to place the loans in what the company calls a “structured holding cell.”