Daily Dose

The note holders for these transactions are not entitled to receive cash from the mortgage loans in the reference pools, unlike typical RMBS transactions. Rather, the performance of the mortgage loans in the reference pool determines the timing and amount of principal and interest the GSEs are obligated to pay on the notes.

A lingering effect of the financial crisis nearly seven years later, the number of borrowers who owe more than their homes are worth in the United States totaled 15 million at their peak. That number has been reduced to slightly below half by many factors, including foreclosures, short sales, and rapidly rising home values.

The court also reinstated the MERS lien on the property, finding the lien to be "in full force and effect." MERS was seeking to reinstate a lien which it claims was improperly extinguished by defendant Kingman Holdings in the case of Mortgage Electronic Registration Systems, Inc. v. Kingman Holdings, Inc.

Robust demand and declining inventory were the driving factors behind the increase in home prices, according to contacts in most Fed districts. Inventories in nearly all districts declined or stayed flat, except for Kansas City, where they slightly increased

The smaller Community Impact Pool consists of 75 high-occupancy and geographically focused loans with about $11 million in unpaid principal balance (UPB). The transaction is expected to close on October 26, 2015, according to Fannie Mae.

Bankruptcy filings nationwide totaled 67,712 over 21 filing days for the month of August, the third-lowest monthly total in 2015 and a decline of more than 7,000 from August 2014, according to August 2015 AACER bankruptcy data reported by Epiq Systems. Filings were lower in August 2015 by 7,522 from the previous August. The total of 67,712 for the month was third-lowest this year behind January (59,087) and February (65,054).

U.S. banking institutions that are insured by the Federal Deposit Insurance Corp. (FDIC) earned an aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion from a year ago, according to the FDIC's Quarterly Banking Profile released Wednesday.

Last week, data from the Federal Reserve indicated that foreign central banks had reduced holdings of agency debt and MBS at the Fed to their lowest level since early May ($285.21 billion),

"This is an exciting time for all Americans who care about fair housing," Casro said. "Our nation has made significant strides in shaping a society that’s open to all."

The Office of the Comptroller of the Currency (OCC) has expressed concern that some banks and nonbank financial institutions are failing in the area of compliance with the Servicmember Civil Relief Act (SCRA) of 2003 and not providing members of the military with all the protections the law affords them.