Articles Tagged with ''S&P''

Monday Morning Cup Of Coffee: Mulvaney's CFPB losing interest in payday lenders?

Are you surprised?
Is Mick Mulvaney's CFPB easing up on payday lenders? The agency has dropped its case against one such lender and is mulling over dropping the cases of three more. Also, JPMorgan Chase predicts the turbulent market will calm down heading into the second quarter while S&P Global Ratings notes that falling housing profits over the last four quarters may be a side effect of fewer lenders easing credit standards.
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Short-term financing option charts return to mortgage lending

S&P: ABCP will remain relevant for years to come
Raise your hand if you lived through the Great Recession. Now keep your hand raised if you can define Asset-Backed Commercial Paper. If you put your hand down, then truth be told, you didn’t really live through the Great Recession. You may have survived it, but to have lived it, is to know what caused it.
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S&P: Mortgage bond issuance doubled in 2017, will continue rising in 2018

RMBS issuance jumped from $34 billion in 2016 to $70 billion in 2017
Back in June, Standard & Poor’s Global Ratings said that 2017 was on track to be the best year for the residential mortgage-backed security market since 2013. Now that the final numbers are in, it looks like 2017’s mortgage bond issuance exceeded even the sunniest of forecasts.
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Trump tax reform sets markets up for Santa Rally

Passage expected this week
While the corporate tax cuts will lead to Fannie Mae and Freddie Mac needing some temporary monetary support from the Treasury, there isn’t much downside investors can see to the tax reform. Both the Dow and S&P are up in this morning’s trading.
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S&P: Impact of CFPB shakeup, deregulation will be limited for mortgage servicers

Trump administration’s changes will not undo years of heavy regulation
Given the Trump administration’s stated mission of decreasing regulations, it’s a fairly safe bet that whoever Trump picks as CFPB director will have a vastly different view of regulation than former director Richard Cordray did. But what will the impact of that looming deregulation have on mortgage servicers? Not very much, according to a recent report from S&P Global Ratings.
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S&P: Residential mortgage servicing could be on the edge of glory

But challenges still remain ahead
The financial crisis brought the residential mortgage servicing industry to an abrupt halt as federal banking entities cracked down on the alleged abuses by the industry after an onslaught of borrowers lost their homes. The negativity toward the industry is starting to change though. With the financial crisis nearly a decade in the past, a new report from S&P Global Market Intelligence suggested that mortgage servicing companies may be poised for a turn toward long-term stability.
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Monday Morning Cup of Coffee: Is the housing economy about to take a big turn for the worse?

Two expert reports indicate a strong chance
Last week saw an unrelenting rush of bad economic news, starting with continued weakness in inflation and including trouble for consumer spending, consumer confidence, housing, manufacturing and inventories. And it looks to get even worse this week. Read the latest in your Monday Morning Cup of Coffee.
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Monday Morning Cup of Coffee: S&P economist dissects Trump's first 100 days

What's the big deal about Lone Star's latest bond offering?
So what’s the big deal about this weekend being the 100th day in office for President Donald Trump? An S&P economist breaks down the outlook for GDP. Also, coverage kicks off at MBA Secondary. Find out who from HousingWire will be there. Finally, what's the significance of the latest mortgage bond? Click to find out.
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