January 22, 2015

Kroll on Mortgage Performance

By David Reiss

The Kroll Bond Rating Agency has issued an update of its residential mortgage-backed securities model methodology, Residential Mortgage Default and Loss Model. Before the financial crisis, ratings models seemed to be very reliable, data-driven models of probity and caution. We … Continue reading

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January 22, 2015 in MBS industry | Permalink | No Comments

January 12, 2015

S&P on Jumbos

By David Reiss

Last week, I discussed an up beat S&P report on the overall RMBS market. Today I discuss and S&P report on the jumbo mortgage market. This report sees much slower growth in the private-label jumbo residential mortgage-backed securities market. It … Continue reading

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January 12, 2015 in MBS industry | Permalink | No Comments

September 30, 2014

Cool Mortgage Tool

By David Reiss

The Urban Institute has created a cool interactive tool to map mortgages in the United States. Enterprise describes the tool as follows: it maps 12 years of data on more than 100 million mortgage originations throughout the U.S. by race … Continue reading

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September 30, 2014 in MBS industry | Permalink | No Comments

September 17, 2014

Foreclosure Mitigation Counseling Works

By David Reiss

The Urban Institute published a study, National Foreclosure Mitigation Counseling Program Evaluation Final Report, Rounds 3 Through 5, that it prepared for NeighborWorks® America. The executive summary notes that The National Foreclosure Mitigation Counseling (NFMC) program is a special federal … Continue reading

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September 17, 2014 in MBS industry | Permalink | No Comments

August 18, 2014

Housing Finance at A Glance

By David Reiss

The Urban Institute’s Housing Finance Policy Center really does give a a nice overview of the American housing finance system in its monthly chartbook, Housing Finance at A Glance. I list below a few of the charts that I found … Continue reading

July 25, 2014

California Court Denies Plaintiffs’ Claims for Breach of Express Agreements, Breach of Implied Agreements, Slander of Title, Wrongful Foreclosure, and Violations of California Civil Codes

By Ebube Okoli

The court in deciding Zapata v. Wells Fargo Bank, N.A., 2013 U.S. Dist. (N.D. Cal. Dec., 2013) dismissed the plaintiff’s action for failure to state a claim. This action boiled down to an attempt made by the plaintiff to avoid … Continue reading

July 23, 2014

By Ebube Okoli

The court in deciding Brannigan v. Bank of Am. Corp., 2013 U.S. Dist. (N.D. Ga., 2013) agreed with the defendants that the plaintiffs’ complaint failed to state a claim upon which relief could be granted and was to be dismissed … Continue reading