RMBS Investors Face New Risk From Clean-Up Calls
An unexpected move last month by a residential mortgage-backed securities trustee has created new risk for investors in non-agency deals issued prior to the financial crisis.
Ginnie MBS Issuance Up Despite Multifamily Slump
Even though apartment loan securitizations slipped last month at the Government National Mortgage Association, overall issuance moved higher.
CMBS Lates Soar, Further Deterioration Likely
Delinquency on securitized commercial real estate loans soared more than 20 basis points last month and is expected jump at least 50 BPS more by year-end.
RBS MBS Settlements Exceed $7 Billion
A massive settlement reached by the Royal Bank of Scotland Group plc brings to more than $7 billion the amount the bank has paid in actions related to mortgage-backed securities.
Fed's QE Unwind Presents Challenge
As the Federal Reserve executes its plan to unwind its massive bond holdings accumulated through quantitative easing, it will be challenged not to disrupt markets.
Decade-Low for Fannie's Mortgage Delinquency
New monthly business was better at the Federal National Mortgage Association. An even bigger improvement was made in delinquency, which sank to the lowest level in nearly a decade.
Non-QM Is Not The New Subprime
A new report indicates that residential lending to borrowers who don't meet Qualified Mortgage rule requirements is not the same as pre-crisis subprime lending.
CMBS Slam Into Maturity Wall, Multifamily Meltdown
The performance of securitized commercial real estate loans worsened more than it has in over five years as loans made 10 years ago reached maturity. Apartment loan lates skyrocketed.
9-Yr Low for Freddie's Single-Family Delinquency
Residential loan delinquency again turned lower at the Federal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.
Ditech Unloading Servicing on HELOCs
The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.