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Specialty finance firm Shellpoint Partners debuted on the...
The central bank plans to continue purchasing additional agency mortgage-backed securities to nuture the nascent housing recovery while trying to keep unemployment rates down.
“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%."
"We concluded principal forgiveness results in a lower net present value than principal forbearance," the text continues. So at this point, there are no plans to remodel the Home Affordable Modification Program Principal Reduction Alternative.
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There are only a handful of consistencies investors can rely on in the private-label market these days. Redwood Trust issuing at least one residential mortgage-backed securities deal a month is one.
As Federal Reserve Chairman Ben Bernanke has indicated, too-big-to-fail remains a major issue that is not solved, but "there’s a lot of work in train."