2 reasons the single-family rental securitization market won’t exceed $20 billion

Should mortgage technology and data be universally shared?

Yes, and no

Structural changes, oversight and second-lien reform critical for PL MBS

The game has to be changed to bring back private label capital
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Items Tagged with 'MBS'

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Structural changes, oversight and second-lien reform critical for PL MBS

The game has to be changed to bring back private label capital
Trey Garrison
The private-label mortgage securities market is not recovering, despite being a critical part of mortgage financing and the additional credit it can make available.
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CHART: Biggest bank settlements of all time

Guess which bank is on there twice?
Brena Swanson
The Bank of America settlement went on record as the biggest settlement to date. But where do the other bank settlements rank in comparison?
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BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch
Brena Swanson
The rumors from yesterday are now confirmed. “Bank of America knew that such wholesale channel loans – described internally as “toxic waste” – presented vastly greater risks of severe delinquencies, early defaults, underwriting defects, and prepayment," according to the SEC filing on the settlement.
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Countrywide’s Mozilo may face lawsuit over subprime mortgages

This time prosecutors have a new weapon
Brena Swanson
Although Countrywide Financial no longer exists, co-founder Angelo Mozilo is allegedly not in the clear as prosecutors still want to hold him responsible for the company’s role in the U.S. housing bubble, according to a Bloomberg report.
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SIFMA says FHFA must raise g-fees but carefully

Must strike balance protecting GSE MBS, bringing in private capital
Trey Garrison
Slow, steady and measured is how the Securities Industry and Financial Markets Association thinks the Federal Housing Finance Agency should approach raising Freddie Mac and Fannie Mae guarantee fees.
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Freddie: 3 areas housing fails to execute

“What we expect to be happening isn’t happening”
Brena Swanson
The spring home buying season has yet to kick into high gear, forcing Freddie Mac to revise and lower its forecast in several areas on an annualized basis.
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Here's proof Fannie and Freddie are betting on the housing recovery

Expect improved fundamentals
Jacob Gaffney
The loss reserve fund once stood at $116 billion and it's now down to a four-year low of $72 billion. There are many reasons for this happening and all point to continued improvements in the housing markets.
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Bank of America quants issue mortgage rate warning

Troubles with the taper
Jacob Gaffney
"Despite speculation running high on a halt in the taper, none of the above is likely to change the Fed’s intent to continue to taper straight into the fall. Hindsight may prove that the decision to taper was premature," BofAML analysts state.
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JPMorgan Chase $280M MBS case gets preliminary court approval

Brena Swanson
JPMorgan Chase won preliminary court approval from a U.S. judge for its agreement to pay $280 million to resolve claims tied to $36.8 billion in mortgage securities issued in 2006 and 2007
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3 reasons Citi will miss next week

Costly but favorable MBS settlement is just one reason
Trey Garrison
Citigroup is facing a gauntlet of troubles, now warning investors it may miss a key profitability target because of the central bank’s rejection of its capital plan in March, and a $100 million charge in the first quarter of 2014 as part of its $1.125 billion MBS agreement announced Monday.
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