loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

Citigroup launches RMBS

Loans pulled from now-defunct Citigroup Mortgage Securities


Citigroup (C) is releasing details of its second residential mortgage backed securitization since the housing recovery began.

Citigroup Mortgage Loan Trust 2014-A is backed by 1,164 loans with a principal balance of nearly $379 million.

The loans are from the now-defunct Citigroup Mortgage Securities and originated in 2003 and 2004.

None of the homeonwners missed a payment for more than three months.

A very small percentage is modified mortgages.

In its presale, DBRS rates two highest tranches double AA on 8.3% credit enhancement. Similar ratings were also assigned from Standard & Poor's.

Single-A, triple-B, double-B and single B also awarded. Its first RMBS, back in 2010, was able to get triple-A.

Third-party due diligence, including pay history and servicing comment review, was conducted on 100% of the portfolio.

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