News

May 24, 2013 01:18 PM
A sign of the times? New Vista Asset Management shifts focus to originations

Expect big changes at New Vista Asset Management as the San Diego-based REO asset management firm shifts its focus from default services to originations.

The firm’s co-founder and CEO Gary Acosta told HousingWire change is definitely afoot with New Vista's executive team...

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May 24, 2013 10:52 AM
Tornado damage not easy to quantify

Early estimates suggest the tragic tornado outbreak in Oklahoma this week resulted in $2 to $5 billion in insured property losses, according to weather risk-monitoring firm EQECAT.

But calculating accurate property damage estimates in the wake of...

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May 24, 2013 10:50 AM
Forthcoming RMBS deal feeds appetite of private-label market

A sizeable $8.7 billion nongency bid list for a structured-finance deal submitted by Lloyds Banking Group to various securities dealers is due...

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May 24, 2013 10:26 AM
Forthcoming RMBS deal feeds appetite of private-label market

A sizeable $8.7 billion nongency bid list for a structured-finance deal submitted by Lloyds Banking Group to various securities dealers is due...

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May 24, 2013 09:26 AM
TARP transactions cost the federal government less than expected

The Troubled Asset Relief Program, which launched more than four years ago to stabilize both banks and the mortgage finance market, is costing the federal government less than initially expected.

The Congressional Budget Office says TARP’s subsidy cost to the government...

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May 23, 2013 04:47 PM
CMOs offer significant yield: RBS

Now is an opportune time for long-duration investors to look at last cash flow collateralized mortgage obligations (CMOs) as a result of sizable selling and higher rates, analysts claim. 

In general, long CMOs outperform collateral no matter what type of market they exist within —...

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May 23, 2013 04:14 PM
CMOs offer significant yield: RBS

Now is an opportune time for long-duration investors to look at last cash flow collateralized mortgage obligations (CMOs) as a result of sizable selling and higher rates, analysts claim. 

In general, long CMOs outperform collateral no matter what type of market they exist within —...

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May 23, 2013 01:11 PM
Latest JPMorgan Chase RMBS deal carries geographical risk

Mega bank JPMorgan Chase issued its second private-label residential mortgage-backed securities deal of the year, with high geographic concentration as...

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May 23, 2013 12:55 PM
Latest JPMorgan Chase RMBS deal carries geographical risk

Mega bank JPMorgan Chase issued its second private-label residential mortgage-backed securities deal of the year, with high geographic concentration as...

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May 23, 2013 09:46 AM
OIG urges for GSE reform to determine best course of action for housing

Initially, the Federal Housing Finance Agency understood the conservatorships of the enterprises to be more of a temporary time out to stabilize the mortgage market.

However, five years later, Fannie Mae and Freddie Mac remain under FHFA...

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May 23, 2013 09:32 AM
OIG urges for GSE reform to determine best course of action for housing

Initially, the Federal Housing Finance Agency understood the conservatorships of the enterprises to be more of a temporary time out to stabilize the mortgage market.

However, five years later, Fannie Mae and Freddie Mac remain under FHFA...

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May 23, 2013 09:33 AM
Census Bureau: New home sales ascend

New home sales ascended in April, rising to 454,000 homes sold. New single-family home sales inched up 2.3% in April, above the revised March rate of 444,000.

April sales are up a dramatic 20% from the year-ago estimate of 352,000, according to data from the Census Bureau...

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May 23, 2013 09:27 AM
Census Bureau: New home sales ascend

New home sales ascended in April, rising to 454,000 homes sold. New single-family home sales inched up 2.3% in April, above the revised March rate of 444,000.

April sales are up a dramatic 20% from the year-ago estimate of 352,000, according to data from the Census Bureau...

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May 23, 2013 09:02 AM
Fixed-mortgage rates continue to rise: Freddie Mac

Fixed-mortgage rates jumped for the third consecutive week, which should further aid home sales and construction in coming weeks, Freddie Mac said in a report Thursday.

The 30-year, fixed-rate mortgage settled at 3.59%, up slightly from 3.51% last week, but down from...

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May 23, 2013 08:23 AM
FHFA: Home prices continue climb

Upward momentum in home prices remained strong in the first quarter of this year due to the Federal Reserve quantitative easing program, which continues to help asset prices rise in the housing market.

As a result, home prices inched upward 1.9% from the previous quarter...

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