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What We're Reading: The Good Friday edition

Items Tagged with 'mortgage bonds'


Citi agrees to $1.125 billion mortgage bond investor settlement

Resolves legacy mortgage-backed securities
April 7, 2014
"This settlement resolves a significant legacy issue from the financial crisis and we are pleased to put it behind us," Citi said in a statement.
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Bank of America’s dire mortgage bond prediction

March's bond issuance was the second lowest since the early 2000s
April 7, 2014
In order to pass $500 billion in purchase volume, BofA suggests that a mix of lower mortgage rates, higher affordability and easier lending standards would be required. “None of which appears forthcoming in the near term,” the bank's analysts state.
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Global investors taking risk from Freddie Mac

Risk-sharing bond transactions gain attention
April 2, 2014
"Our goal is to have regular, consistent issuances at least quarterly," said Donna Corley, senior vice president of single-family pricing, risk transfer and securitization for Freddie Mac. And this goal is now more of a possibility given the reinsurer appetite to support Freddie Mac.
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Bond investors demand more second lien and HELOC deals

Supply too thin in secondary market
March 27, 2014
MountainView Capital is reporting that investors want more secondary deals involving home equity lines of credit and other second lien mortgages. And they say they have the stats to prove it.
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Selene Finance reportedly gets big Ginnie Mae boost

Carrington Mortgage Services also part of the action
February 12, 2014
Sources tell HousingWire that Ginnie Mae is displeased with more than a few of its "poorer performing mortgage servicers" and will place those distressed mortgages with one of two selected third-party firms.
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It's official: JPMorgan brings private, jumbo RMBS

Their first such deal this year
February 6, 2014
Kroll cites the representation and warranties on the deal as negative as some "will sunset prior to the maturity of the certificates."
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Final ING mortgage bond auction set for next week

Dutch Treasury "saved the best for last"
January 30, 2014
This will bring the long history of ING private mortgage bond investments in the United States officially to a close.
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Fed taper continues, acquisition cuts go deeper

FOMC pulls back another $10 billion in monthy purchases
January 29, 2014
The Federal Open Market Committee meeting minutes reveal the Federal Reserve will continue to taper monthly asset purchases, reducing its acquisitions by another $10 billion per month.
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Stegman to private bond investors: You'll get your government guarantee

Investors will need to spend money to make money
January 23, 2014
"The mortgage and investor communities should find a way to ensure that quality housing counseling is funded, and remains available for borrowers that will benefit from it," noted Michael Stegman, Counselor to the Secretary of the Treasury for Housing Finance Policy.
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Fannie Mae launches second risk-sharing transaction

Private investors can buy more mortgage credit risk
January 13, 2014
Fitch reports that Fannie is improving its quality control. And with housing expected to continue to perform adequately, Fitch does not see Fannie Mae having any difficulties paying the private investors who take on this credit risk.
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