Fannie Mae and Freddie Mac seemed to have turned a corner on the contentious issue of mortgage repurchase demands, and it had a positive effect on the companies’ financial results in the fourth quarter of 2010. Fannie generated...[Includes one data chart]
Read More
Even as repurchase activity appears to be on the wane in the Fannie/Freddie market, issuers, investors and trustees in the non-agency MBS world remain entangled in protracted legal struggles because of weaker investor protection and legal uncertainties, according to...
Read More
New production of agency MBS fell sharply in February, sinking to its lowest level since the refinance rally of the second half of 2010 began to gather steam last summer. A total of $108.3 billion of agency MBS were issued last month, down 20.5 percent from January’s production volume, according to a new ranking and analysis by Inside MBS & ABS. That was...[Includes one data chart]
Read More
Moody’s Investors Service remains concerned about the structure of many recent re-REMIC transactions – a concern that has led the rating agency to increasingly decline to give its highest ratings to re-securitizations of U.S. residential MBS. Moody’s had initially flagged...[Includes one data chart]
Read More
Industry groups are seeking clarification regarding the Federal Deposit Insurance Corp.’s application of the orderly liquidation authority (OLA) of covered financial companies under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to the FDIC, liquidation authority rested...
Read More