With settlements on representation and warranty violations in nonagency RMBS beginning to pick up momentum, investors are becoming more comfortable with pricing the potential recovery cash flow from a settlement or loan repurchase.
They Said It
“In the dark days of the financial crisis, when commitments to AIG totaled $182 billion, few would have believed that we’d already be able to reduce that amount by more than 75%."
Ken Elgarten of Société Générale said in a commentary on the US credit environment: "Earnings season winding down, with more than 90% of the S&P 500 companies reporting Q1 results with roughly 75% of those either meeting or beating forecasts."
Nonprofits — the Cuyahoga Land Bank, NeighborWorks America, Rebuilding Together, the National Association of Hispanic Real Estate Professionals, PCV|VRM Seeds of Hope and many more local organizations — are investing significant resources to improve America’s most vulnerable housing markets.