Foreclosures

Browse articles from all of our Newsletters related to Foreclosures.

December 15, 2017 - Inside MBS & ABS

FHLBank of Seattle Lost Appeal to Sue Moody’s for Risky MBS Purchase

The Federal Home Loan Bank of Seattle lost an appeal in an MBS case against Barclays Capital this week in which it claimed the investment banker made false statements or left out certain facts about the securities it sold in 2008. But the Court of Appeals of Washington State ruled that the FHLBank was fully aware of what it was buying at the time.


December 14, 2017 - Inside Mortgage Finance

Research Paper Revisits Post-2008 Legislative Efforts, Suggests Banks Delayed Foreclosures to Influence Dodd-Frank Outcome

Banks servicing delinquent mortgages in 2009-2010 allegedly delayed foreclosure starts in the districts of then-members of the House Financial Services Committee in order to influence legislative action on the Dodd-Frank Act, according to a working paper published by the Ohio State University.


Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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