September 14, 2015
Monday’s Adjudication Roundup
Bank of America, Wells Fargo & Citigroup cannot escape the City of Miami’s discriminatory lending suit, which caused a loss in city tax revenue. Texas federal judge sanctions the US Environmental Protection Agency for failure to turn over documents that … Continue reading
September 14, 2015 in MBS industry | Permalink | No Comments
September 11, 2015
Friday’s Government Reports Roundup
The FHFA releases it 2015-2017 Housing Goals for Fannie Mae & Freddie Mac. The US Department of Agriculture released its 20th Annual Food Security Report. The reports shows that 1 in 7 people live in food insecure households, but there … Continue reading
September 11, 2015 in MBS industry | Permalink | No Comments
September 9, 2015
Wednesday’s Academic Roundup
The Effect of Negative Equity on Mortgage Default: Evidence from HAMP PRA, Therese C. Scharlemann & Stephen H. Shore, Office of Financial Research Working Paper No. 15-06. Housing Tax Reform and Foreclosure Rates, Richard Dusansky & Firas Zebian, Journal of … Continue reading
September 9, 2015 in MBS industry | Permalink | No Comments
September 8, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Federal Housing Finance Agency (FHFA) is seeking public comment on its revised system of records for the National Mortgage Database Project. The FHFA collects information on all outstanding U.S. mortgages in keeping with its mandate to ensure the creditworthiness … Continue reading
September 8, 2015 in MBS industry | Permalink | No Comments
September 2, 2015
Expanding the Credit Box
DBRS has posted U.S. Residential Mortgage Servicing Mid-Year Review and 2015 Outlook. There is a lot of interest in it, including a table that demonstrates how “the underwriting box for prime mortgages slowly keeps getting wider.” (7) The report notes that While most lenders continue … Continue reading
September 2, 2015 in MBS industry | Permalink | No Comments
Wednesday’s Academic Roundup
On the Cyclicity of Regional House Prices: New Evidence for U.S. Metropolitan Statistical Areas, Michael André Flor & Torben Klarl, CESifo Working Paper Series No. 5471. How Mortgage Finance Affects the Urban Landscape, Sewin Chan, Andrew Haughwout & Joseph S. … Continue reading
September 2, 2015 in MBS industry | Permalink | No Comments
August 31, 2015
Monday’s Adjudication Roundup
Thornburg Mortgage Inc. Ch. 11 trustee wins $45 million against RBC Capital Markets LLC for seizing and miscalculating the value of some mortgage-backed securities from Thornburg in 2007. Fidelity National Title Insurance Co. will not be liable for $38 million … Continue reading
August 31, 2015 in MBS industry | Permalink | No Comments
