Housing in places like New York, San Francisco fail more than just the locals

Caution: GSE reform could have serious unintended consequences

Guest blog by former Ginnie Mae president Joseph Murin

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs
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Items Tagged with 'MBS'

ARTICLES

Moody’s: Falling delinquencies bolster single, multifamily HFA portfolios

Two reports show delinquencies down
Trey Garrison
Both single-family and multifamily portfolios securing housing finance agency bonds showed significant improvement in delinquency rates. Here’s why.
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Monday Morning Cup of Coffee: FHFA g-fee, PMI shift too much or too little?

Clouds on housing finance horizon; Zillow/Move fight gets personal
Trey Garrison
Things are looking rough for housing with a sluggish start to the spring buying season, and that trickles all the way up to the outlook for agency MBS. Plus, Move takes off the gloves in its ads, and the industry reacts to recent FHFA moves. Read on.
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Freddie Mac purchasing largest single-property loan

Financing $878M loan for Park La Brea complex in Los Angeles
Trey Garrison
Shortly after Fannie Mae announced it was entering new territory with a loan portfolio sale, Freddie Mac said Thursday that it has struck a deal to buy its largest single-property loan ever with the $878 million note. Here's how they broke new ground.
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Supreme Court revives ING mortgage bond lawsuit

Investor class action claims hidden risks in 2007 MBS offering
Trey Garrison
As it turns out, ING's risk exposure in the United States isn't yet finished. The Supreme Court of the United States revived a class action case accusing ING Groep NV of illegally hiding the risks of mortgage-backed securities.
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Monday Morning Cup of Coffee: Don’t fight Mother Nature or the Fed

The markets react to Federal Reserve, plus home sales, prices and more
Trey Garrison
Whether you’re talking the mortgage investment side with agency and non-agency mortgage bonds, or the housing side with mortgage lending and home sales – it’s like everything is frozen and you want to hold, rather than let it go.
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A Craigslist for mortgage bond traders?

Service still being tested
Brena Swanson
A new company is stepping up to the challenge to open new trading options for investors. Could this be a sustainable second option to The Street?
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Low oil prices a credit positive for most ABS sectors

Moody’s: Here’s how it will impact various sectors
Trey Garrison
The big drop in oil is having an impact on a lot of asset-backed securities, and here’s how it will affect mortgage-backed securities.
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Fannie, Freddie lobbyist played “big role” in NY AG’s mortgage finance investigation

New emails contradict earlier claims Cuomo adviser recused himself
Trey Garrison
And here’s why email transparency and record keeping matter: Newly discovered emails from 2007 and 2008 show a housing finance lobbyist had a hand in Andrew Cuomo’s mortgage finance investigations.
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PIMCO Total Return ups its MBS position

New manager wants to rebuild mortgage securities stake
Trey Garrison
PIMCO Total Return Fund is going heavier into mortgage backed securities, industry sources report. Here’s why.
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Monday Morning Cup of Coffee: ‘Rehab recovery’ an opportunity for MBS investors

More voices join call for GSE recapitalization; Some not bad news for Ocwen
Trey Garrison
The opportunities for MBS investors are apparent in the economic fundamentals, and investors need to get used to the new normal.
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