A growing wave of mortgage refinance activity in early 2008 may not reach the epic proportions of the lending surge that re-wrote the record books five years ago, but it’s likely to provide a firm boost to MBS production levels in a deteriorating housing...
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The Senate Finance Committee this week adopted an industry proposal to let state and local governments issue tax-exempt mortgage-revenue bonds to refinance subprime loans. The proposal was included in the committee’s version of an economic stimulus package. Late last...
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Sen. Chris Dodd, D-CT, and other lawmakers in the Senate and the House are considering a range of proposals designed to increase liquidity in the secondary market for non-conforming mortgage assets as a way to help restructure troubled home loans. Dodd has floated...
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Even though Freddie Mac had much larger losses and less spare capital than rival Fannie Mae at the end of the third quarter, Freddie found a way to aggressively ratchet up its retained portfolio by the end of the year, while Fannie basically coasted...
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Clayton Holdings, Inc., which is providing information in a New York state probe of Wall Street investment bankers’ roles in the subprime mortgage market crisis, is also under investigation by Connecticut’s attorney general. Connecticut Attorney General Richard Blumenthal...
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Issuance of new securities backed by income-property mortgages fell sharply in the second half of last year, but 2007 still ended up with a record $231.5 billion in annual volume, according to a new analysis by Inside MBS & ABS... [Includes two charts]
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Countrywide ended 2007 as the top sponsor of non-agency MBS after leading both the Alt A and subprime sectors while keeping up a solid program in prime jumbo MBS issuance. Countrywide was named as sponsor for... [Includes two charts]
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