Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
W S

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Freddie Mac: Mortgage rates reverse course, move higher

Still hover around yearly lows
Brena Swanson
Mortgages rate finally reversed course and slightly edged higher. However, despite the increase, rates remain at the lowest levels since May 2013.
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Pending home sales see second biggest monthly drop since May 2010

NAR thinks it may be time for existing owners to trade up
Trey Garrison
Pending homes sales stalled out in December, the worst monthly drop since May 2010. Here's what happened and what it portends.
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RealtyTrac: Best markets for buying rental properties

Best returns, biggest rent jumps and more
Trey Garrison
Where are the best markets for buying single-family rentals in the first quarter of 2015? RealtyTrac has the answer, and then some. Let's dive in.
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Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
Ben Lane
Fitch Ratings is sounding the alarm on residential mortgage-backed securities that contain loans serviced by Ocwen Loan Servicing, an affiliate of Ocwen Financial, telling investors to expect a downgrade on the ratings of Ocwen-related RMBS transactions soon.
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Nomura fighting back against FHFA toxic mortgage lawsuit

Claims U.S. unit “did nothing wrong”
Ben Lane
Nomura Holdings reportedly does not want to settle with the Federal Housing Finance Agency because it claims that its U.S. unit did not knowingly sell bonds backed by fraudulently originated loans to Fannie Mae and Freddie Mac in the run-up to the crisis.
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Mary Matalin to keynote second day of ABS West

Pundit made a splash at BPC's housing summit
Trey Garrison

Magic is in the air as it gets closer to ABS West in Las Vegas, and now the event has announced its second keynote speaker. Here’s what’s what.


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Freddie Mac prices first 2015 STACR risk-sharing deal

Offered first-loss position for first time
Ben Lane
Freddie Mac announced the pricing of its first Structured Agency Credit Risk transaction of 2015, which marked the first time that investors were offered the opportunity to purchase the first-loss position in a risk-sharing deal.
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Judge rules Fannie, Freddie lawsuits can continue

WSJ: Win for investors in ongoing GSE suit
Trey Garrison
A federal claims judge has ruled against the federal government, saying that a lawsuit brought by investors over the treatment of Fannie Mae and Freddie Mac can proceed. Here's the latest.
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Moody’s: FHA premium cut will increase home sales by 45,000 this year

Provides a "meaningful boost" to housing economy
Ben Lane
According to the Moody’s report, the FHA premium cut will reach its maximum impact in mid-2016, when Moody’s Analytics’ model expects annualized home sales to increase by 100,000 as a result of the FHA cut, with 40,000 additional single-family housing starts in 2016 as well.
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S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
Ben Lane
Standard & Poor’s is reportedly closing in on a $1.37 billion settlement with the U.S. Department of Justice and more than a dozen states over claims that S&P knowingly misled investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
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