The six lawsuits filed by the FDIC involve the sales of 21 Countrywide residential mortgage-backed securities purchased by five failed FDIC-insured banks.
Read More »Issuer of Ginnie Mae RMBS Settles with SEC
The SEC announced that the company and six senior executives will pay to settle charges that they "orchestrated a scheme to defraud investors."
Read More »Will ‘Modest’ Economic Growth Deter the Fed?
Many economists are anticipating a June rate hike by the Federal Reserve. Will the Fed’s less-than-stellar economic report on Wednesday prevent that?
Read More »Retention Rates ‘Strong’ in SFR Securitizations
Though the vacancy rate across the 24 SFR transactions increased slightly, there has been a six-month improvement in the overall vacancy trend.
Read More »DS News Webcast: Wednesday 6/1/2016
McCalla Raymer, LLC, which has been in business for 34 years and is based in Atlanta, and Pierce & Associates, PC, which has been in business for 41 years and is based in Chicago, have combined into one entity that will ...
Read More »Bank of America Directs Relief to Hardest Hit Areas
Under the terms of its 2014 RMBS settlement, Bank of America is continuing to provide relief to consumers in the areas most affected by the foreclosure crisis.
Read More »Congressional Grants to Aid More Struggling Borrowers
Funding from the Congressionally-funded National Foreclosure Mitigation Counseling (NFMC) program provides counseling for at-risk homeowners who are working with their servicers to avoid foreclosure.
Read More »What is Driving the GSE Default Rate Down?
Just how much has the credit quality of loans purchased by both Fannie Mae and Freddie Mac improved since 2008?
Read More »Major Dodd-Frank Reform Proposals are Imminent
Two GOP plans to overhaul the controversial Dodd-Frank Wall Street Reform Act are expected to be revealed in the next week or so.
Read More »Judge Seeks More on GSE Profit Sweep
Depositions unsealed last month showed that key officials at the GSEs may have known they were about to be profitable in 2012. Now the judge wants to see more.
Read More »