Items Tagged with 'Mortgage securities'

ARTICLES

Monday Morning Cup of Coffee: Deutsche Bank cutting back on mortgage business?

Plus, a new name emerges to serve as Trump's HUD secretary
Is Deutsche Bank about to cut back on its mortgage business? It appears so. Plus, a new name emerges to run HUD in President-elect Donald Trump's administration. And why is a massive Silicon Valley venture capital firm investing in a real estate loan marketplace? All that, and more, in your Monday Morning Cup of Coffee.
Read More

RBS to pay $1.1 billion to NCUA over mortgage securities settlement

Recoveries will offset the total costs to credit unions
The latest in a series of settlements that date back to the financial crisis will cost the Royal Bank of Scotland $1.1 billion, which it will pay to the National Credit Union Administration in order to settle claims related to faulty mortgage-backed securities sold to U.S. credit unions.
Read More

Private mortgage bond market could stage a comeback

Treasury Secretary Jacob Lew expected to announce new initiative
The Treasury Department will launch an initiative to revive the market for mortgage securities without government backing, bringing together institutional investors and issuers of mortgage bonds to create guidelines for the new venture.
Read More

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion
The FHFA, as conservator of Fannie Mae and Freddie Mac, settled with Barclays Bank PLC to the tune of $280 million. Per the terms of the settlement agreement, Barclays will pay $227 million to Freddie and $53 million to Freddie.
Read More

Ocwen to settle CFPB, AG servicing investigation

To pay roughly $127.3M, offers $2B in consumer relief
Ocwen Financial Corp. agreed to offer $2 billion in consumer relief and to pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices, according to one of the servicer’s recent securities filings.
Read More