Inside Mortgage Trends

Some Argue Fair Value Accounting Is Not Fair To Lenders in an Illiquid Mortgage Market

There is little doubt that fair value accounting has driven massive writedowns on loan portfolios and mortgage-backed securities that have forced some lenders out of business, decimated the balance sheets of others, and stalled the secondary market... Read More

Mortgage Insurers Hit With Ratings Downgrades, Must Submit Remediation Plans to Freddie Mac

Citing ratings downgrades that followed weaker-than-expected results for the fourth quarter of 2007, Freddie Mac recently announced that the government-sponsored enterprise will require remediation plans from five mortgage insurers. Standard & Poor’s Rating... Read More

WaMu Downgrades Cast Doubt on the Viability of Financing Through Covered Bond Programs

Covered bond programs, once considered a viable alternative to Federal Home Loan Bank advance financing and traditional securitization, lost a bit of their luster recently when two of the major ratings services turned their thumbs down on... Read More

Thrift Servicing Profits Skyrocketed in 2007; WaMu Still on Top But IndyMac Makes Inroads

As the credit crunch stalled mortgage originations in 2007, the profitability of the mortgage servicing business skyrocketed, providing some relief for lenders. Thrifts’ servicing income for the year was up 244.5 percent... [Includes one chart and one graph] Read More

National City is on the Block, NovaStar’s 2007 Loss Comes to $724 Million, Luminent Drops REIT Status

National City Corp, under pressure to bolster its capital or find a buyer before the troubled lender reports first-quarter results later this month, last week announced that it had retained Goldman Sachs to explore “strategic alternatives.” Acquisition rumors have... Read More

Settlement Industry Increasingly Relies on Partnerships, Wary of Crossing Regulatory Lines

Proposed changes to Real Estate Settlement Procedures Act regulations and winning back consumer confidence amid tightening competition are the biggest challenges confronting the mortgage settlement industry, according to participants at a... Read More

April 11, 2008

View Archived Issues

Some Argue Fair Value Accounting Is Not Fair To Lenders in an Illiquid Mortgage Market

Mortgage Insurers Hit With Ratings Downgrades, Must Submit Remediation Plans to Freddie Mac

WaMu Downgrades Cast Doubt on the Viability of Financing Through Covered Bond Programs

Thrift Servicing Profits Skyrocketed in 2007; WaMu Still on Top But IndyMac Makes Inroads

National City is on the Block, NovaStar’s 2007 Loss Comes to $724 Million, Luminent Drops REIT Status

Settlement Industry Increasingly Relies on Partnerships, Wary of Crossing Regulatory Lines

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