CoreLogic: Foreclosure inventory tumbles 35%

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

Only “Number Jesters” report 2Q economic growth at 4% pace

Economic revisions infuriate

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Items Tagged with 'MBS'


Freddie: 3 areas housing fails to execute

“What we expect to be happening isn’t happening”
May 19, 2014
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
May 9, 2014
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
May 5, 2014
"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

May 5, 2014
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
April 8, 2014
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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Wall Street getting hungrier for private-label MBS?

Fed credit officer survey says yes
April 4, 2014
Wall Street is getting hungrier for private-label mortgage-backed securities, if the Federal Reserve’s quarterly survey of senior credit officers is accurate.
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Bank of America close to beating DOJ $850M RMBS fraud suit

Justice Dept. hasn't proven allegations in FIRREA case
March 28, 2014
A U.S. magistrate is recommending dismissal of a federal case against Bank of America for fraud against investors regarding the quality of $850 million in loans bundled into mortgage-backed securities.
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Fannie, Freddie, FHFA settle MBS lawsuit with BofA

Provides aggregate payment of $9 billion by BofA
March 26, 2014
Fannie Mae, Freddie Mac and the Federal Housing Finance Agency reached an agreement with Bank of America to settle claims associated with non-agency mortgage-related securities from 2005 to 2007.
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PIMCO cuts mortgage-backed securities holdings

Moving to investments outside the U.S.
March 12, 2014
PIMCO, the world's largest bond fund, is moving away from its investments in mortgage-backed securities and U.S. government-related holdings. Why would it change strategy?
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Former Jefferies trader to face trial by jury

Jesse Litvak charged with defrauding TARP
February 19, 2014
Litvak faces 20 years in prison for allegedly misrepresenting the pricing of mortgage-backed securities. His attorney said his behavior is merely the reflection of the Jefferies sales culture.
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