Mortgage securities guaranty programs at Fannie Mae and Freddie Mac enjoyed a modest revival in the first quarter of 2007, although the two government-sponsored enterprises stepped back a bit in their purchases of non-agency MBS. Together, Fannie... [Includes one chart]
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The mortgage banking industry is seeking guidance from Ginnie Mae on how Ginnie I mortgage-backed securities issuers can comply with recently issued federal tax reporting rules for widely held fixed investment trusts. The Mortgage Bankers Association initiated...
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Most mortgage-backed securities contracts afford servicers great leeway to modify loans expected to default, according to the American Securitization Forum. This authority is one less speed bump on the road to helping subprime borrowers deal with payment shock...
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Countrywide Financial was the most active sponsor of new non-agency MBS issued during the first quarter of 2007, but a handful of other big players posted significantly faster growth rates, according to a new ranking by Inside MBS & ABS... [Includes two charts]
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Countrywide Financial brought more than twice as many residential mortgages to the securities market as its nearest competitor in the first quarter, cementing its title as the top MBS issuer. Countrywide issued $98.89 billion of... [Includes one chart]
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Lawmakers in the House of Representatives were debating proposals to specify how much flexibility a new federal regulator would have to oversee the massive MBS portfolios of Fannie Mae and Freddie Mac late this week as Inside MBS & ABS went to press. As it came out...
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