Home / (page 1604)

GSEs Help 130K Borrowers Avoid Foreclosure in Q1, Delinquencies Fall

So far, efforts from the GSEs have led to nearly 2.8 million foreclosure prevention actions since the start of the September 2008 conservatorship, the FHFA reported Monday. The agency also found the serious delinquency rate for GSE borrowers decreased to 3 percent compared to 8 percent for Federal Housing Administration (FHA) loans. However, more than half of the GSEs' seriously delinquent borrowers were past due by at least a year in the first quarter.

Read More »

Fitch Examines Credit Risk for GSEs in Light of Risk Sharing Efforts

In recent months, Fannie Mae and Freddie Mac took important steps toward transparency with the release of historical credit performance data. The move also paved the way for credit risk sharing transactions as the FHFA looks to reduce the GSEs' role in housing finance. In an effort to help investors ""evaluate upcoming credit-sensitive securitization proposals from the GSEs,"" Fitch Ratings completed an analysis of the historical data in a recent report. Overall, the report determined loans originated from 2009 and beyond should outperform earlier vintages.

Read More »

Citi to Pay Fannie Mae $968M in Repurchase Claim Agreement

Citigroup and Fannie Mae announced Monday an agreement to resolve future repurchase claims for breaches of representations of warranties on millions of loans originated between 2000 and 2012. According to release from Citi, the agreement covers 3.7 million residential first mortgage loans sold to Fannie Mae. As part of the agreement, Citi will pay Fannie Mae $968 million, ""substantially all of which was covered"" by the bank's existing mortgage repurchase reserves as of the end of the first quarter.

Read More »

CoreLogic Strikes $661M Deal for Marshall & Swift/Boeckh, DataQuick

CoreLogic announced an agreement Monday to buy Marshall & Swift/Boeckh and DataQuick Information Systems from the Decision Insight Information Group for $661 million. The transaction, which is expected to close during the third quarter of this year, will expand the Irvine, California-based company's data and analytics segment.

Read More »

SPECIAL EDITION -Market Turmoil, Bond Market/ Interest Rates – Jul 01,2013

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/053/show_5053631.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']In this special edition of the broadcast, we will dissect Bernanke's speech and the following market turmoil that created the highest one week increase in interest in 30 years. We will discuss the impact on ...

Read More »

Commentary: Drumbeats of a Coming Slowdown

The reaction to Thursday's report on personal income and spending for May was generally positive. Personal income rose 0.5 percent from April--five times what was expected--and personal consumption expenditures (or PCE) were up 0.3 percent, matching economist forecasts.

Read More »

Report: Housing Market 61% ‘Back to Normal’

May's percentage is the first time the recovery has passed 60 percent since the crash, according to the latest Housing Barometer from Trulia. April's barometer was 54 percent. A year ago, the barometer was at only 35 percent. The monthly report measures three key housing market indicators--construction starts, existing-home sales, and the delinquency-plus-foreclosure rate--to track how quickly the market is recovering to its normal, pre-bubble state.

Read More »