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

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation

Items Tagged with 'Royal Bank of Scotland'


FHFA, RBS reach nearly $99.5 million MBS settlement

Latest in a string of FHFA lawsuits
June 19, 2014
This time its RBS caught behind the Federal Housing Finance Agency's sting of settlements, with the two announcing a $99.5 million settlement.
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RBS to slash U.S. mortgage business

May 27, 2014
The original report, from the Financial Times and followed up by Reuters, said that the British bank will eliminate hundreds of jobs over the next two years “as part of the an effort to reduce its assets ahead of new rules set out by the U.S. Federal Reserve.”
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3 reasons cash-out refinances won’t be coming back

Total cashed-out dollars drops from $320 billion to $32 billion
April 15, 2014
According to data from RBS, the total cashed out dollars has tumbled from a peak of $320 billion in 2006 to $32 billion in 2013.
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Mortgage-bond traders forced to take leave

Big banks tell traders to skip work
April 11, 2014
Mortgage-bond traders at JPMorgan Chase, Morgan Stanley and Royal Bank of Scotland were placed on leave and told not to come to work. Could it be related to a high profile court case involving fraudulent mortgage bond trading?
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5 perspectives on getting private capital back into mortgage markets

Industry leaders talk what it will take to effect sea change
March 27, 2014
CoreLogic partnered this week with the Urban Institute to host an interactive Capitol Hill panel focused on bringing private capital back to the mortgage market. The focus of the discussion was on pricing, governance and servicing.
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What to watch out for in the 2014 MBS market

Road ahead for investors remains uncertain amid QRM regulatory indecision
January 6, 2014
Analysts and industry watchers say that the Dodd-Frank Wall Street Reform and Consumer Protection Act-mandated QM won’t have a major impact on the mortgage-backed securities market, though it may slightly slow lending activity on jumbo and interest-only loans.
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NY District Court Judge expands class of plaintiffs in RBS MBS securities case

Case involves the RALI and Harborview trusts
December 30, 2013
As banks exposed to mortgage-backed securities litigation try to fight these claims with their sights set on ending long-term exposure, one judge in New York recently gave plaintiffs fighting the Royal Bank of Scotland and other parties over alleged mortgage misrepresentations a green light to expand their class of MBS plaintiffs.
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Putting the brakes on housing reform

Next FHFA head Watt expected to slow or stall GSE contraction
December 11, 2013
Sterne Agee analyst: "We expect Watt will have a liberal interpretation that includes widening credit availability and slowing or stopping the contraction of the GSEs' balance sheets."
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RMBS market stable heading into 2014

But interest-rate risk, popping price bubbles remain possible headwinds
December 4, 2013
The residential mortgage-backed securities market is expected to continue its recovery well into next year as long as it’s not stunted by popping home price bubbles, regulatory uncertainty and volatile interest rates, Fitch Ratings RMBS analysts said Wednesday.
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FHFA leadership shift could impact HARP eligibility

Various coupons at-risk of change
November 22, 2013
With Sen. Harry Reid, D-Nev., changing the voting threshold in the Senate for new presidential appointments, analysts are prepping investors for changes in HARP-eligibility requirements.
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