The Fed did not object to Morgan Stanley’s capital plan, but the firm is required to submit a new plan by December 29, 2016, in order to address weaknesses found in its capital planning process.
Read More »FHFA Seeks Input on Front-End Credit Risk Sharing
For the last three years, the GSEs have engaged in a number of credit risk sharing transactions to transfer more risk to private investors; most of these transactions, however, have been of the back-end variety.
Read More »Freddie Mac Starts Selling Reperforming Loans
The collateral is comprised of Option Adjustable-Rate Mortgages (ARMs) and loans that were originated as Option ARMs but were later modified, according to Freddie Mac.
Read More »Advocates Call for Changes to FHA’s Loan Sale Program
The report from the Center for American Progress makes recommendations for the FHA's distressed loan sale program to apply stronger standards in order to achieve the best outcomes for the borrowers and their communities.
Read More »GDP Advances; Housing Share Follows Suit
The third and final estimate for Q1’s GDP went up, and housing’s share of the GDP went up right along with it.
Read More »Millions of Boomers Prefer to Rent
A new survey showed that millions of homeowners over the age of 55 would prefer to move out of their current residence and rent within the next four years.
Read More »Fewer Distressed Homes For Sale in Hardest Hit Areas
A decline in the glut of homes available in the hardest hit areas is good news for housing, according to the National Association of Realtors.
Read More »MERSCORP is Victorious in Appellate Courts
Two appellate courts in New York and Wyoming have ruled in favor of the electronic registry system in the last week.
Read More »Citi Provides Consumers More Relief, Monitor Says
Citi agreed to pay $2.5 billion in consumer relief as part of a $4 billion settlement in July 2014. How far has the bank come toward paying that obligation?
Read More »The Week Ahead: Economy Looks to Escape Q1 Doldrums
Post-crisis, economic growth in the first quarter has generally been weak, and so far 2016 has been no exception. What will the third and final GDP estimate hold for the the U.S. economy? The industry will find out on Tuesday, June 28.
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