Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
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Items Tagged with 'MBS'

ARTICLES

BAML: Oil declines could fuel lower mortgage interest rates in 2015

Most forecasts didn't foresee oil's plunge
Trey Garrison
The price of oil continues to drop and it could have a major impact on residential real estate, mortgage financing and mortgage backed securities in 2015.
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Monday Morning Cup of Coffee: Feeling confident about housing, mortgages?

This market is the cart, not the horse
Trey Garrison
It's that special time of year, you can smell it in the air. Too soon for housing forecasts, but like a kid waiting for Christmas, it's all you can think about. Here's a taste of housing's fortunes in sales, prices, mortgage-backed securities, mortgage lending and more. Merry early House-mas.
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This could happen now that mortgage rates dropped below 4%

Sterne Agee: A refi boom coming?
Trey Garrison
Housing prices continue to slow and are hopefully reaching a growth rate in line with interest rates and income growth, but now mortgage interest rates have gone below 4%. What does this mean for the industry?
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JPMorgan to face $10B MBS case

Bank hit with class action lawsuit
Brena Swanson
JPMorgan Chase must face a class action lawsuit by investors who claimed the bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
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Getting ready for multi-borrower, single-family rental securities

This is the next step in an expanding market
Brent Taggart
The real excitement at ABS East wasn’t about single-investor deals, like the ones we’ve seen, but about the potential for multi-borrower deals. Here's why it's so exciting for the market.
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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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