Google+
  • Ocwen27.450.00 0.00%
  • Zillow125.640.00 0.00%
  • Trulia53.420.00 0.00%
  • NationStar32.850.00 0.00%
  • CoreLogic28.140.00 0.00%
  • RE/MAX30.830.00 0.00%
  • Fannie Mae3.360.00 0.00%
  • Freddie Mac3.320.00 0.00%
  • Wells Fargo51.940.00 0.00%
  • CitiMortgage52.310.00 0.00%
  • Bank of America16.740.00 0.00%
  • Auction.com0.00N/A N/A
  • Fidelity National Financial27.850.00 0.00%
  • Black Knight Financial0.00N/A N/A
  • AUDUSD=X0.9036N/A N/A
  • USDJPY=X107.1325N/A N/A
  • WP Stock Ticker
Home | News | Secondary Market

HSBC Agrees to Pay $550M in RMBS Settlement

gavel

In a settlement announced Friday, HSBC agreed to pay $550 million to FHFA to resolve allegations it violated state and federal securities laws in its selling of private-label securities to the GSEs between 2005 and 2007. HSBC stopped issuing and distributing MBS in 2007.

Read More »

Risk Retention Rule Nearing Completion

government

Federal Reserve governor Daniel Tarullo echoed Gruenberg's statement, though he was less concrete on a timeline: "I don't know whether I'd say by the end of the year, but I think we're definitely in the home stretch." As it was proposed in 2011, the rule originally called for securities issuers to hold on to 5 percent of a mortgage's risk after selling it unless the borrower made a 20 percent down payment.

Read More »

Analyst Warns of Potential Mortgage Crisis

mortgage-mess

With the Federal Reserve on track to end its monthly bond purchases (currently at a rate of $25 billion and falling), Bove cautions that the loss of one of the tools used to help lift housing out of its post-recession rut could hurt the market, especially as interest rates start to tick back up.

Read More »

Fitch: Slow RMBS Prepayments Lengthens Default Term Risk

A new report from Fitch Ratings found that U.S. prime jumbo residential mortgage-backed securities (RMBS) issued since the start of 2010 are unlikely to see a "meaningful increase in prepayments, even if interest rates stay low." The company believes that the lack of prepayments will result in an increased average life of the mortgages in these trusts, further increasing the period of default risk.

Read More »

Fitch: RMBS Delinquency Not Indicative of Trend

The highest delinquency to date of any post-crisis residential mortgage-backed securities (RMBS) doesn't indicate any trend of future delinquencies, according to an analysis by Fitch Ratings. The delinquency, according to the company, came about due to a transfer of servicing, and doesn't point to any widespread post-crisis late payment increases.

Read More »

Fitch: Green Tree Servicing Moved to ‘Rating Watch Negative’

One of the country's biggest credit ratings agencies has put Green Tree Servicing on negative watch following a report that the company failed several compliance metrics established by the 2012 National Mortgage Settlement. Fitch Ratings announced it is changing Green Tree's servicer grades to "Rating Watch Negative," citing "ongoing concerns with Green Tree's rapid growth and portfolio integration."

Read More »
Scroll To Top