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  • End of conservatorship? Trump administration proposes privatizing Fannie Mae, Freddie Mac

    Later this year, the housing industry will “celebrate” the 10-year anniversary of Fannie Mae and Freddie Mac being taken into conservatorship at the height of the housing crisis, but if the Trump administration has its way, the conservatorship of the government-sponsored enterprises could actually be ending soon. Click the headline for the full story.

Items Tagged with 'Standard & Poor's'

ARTICLES

  • 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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  • S&P: Mortgage bond market on track for best year since 2013

    RMBS issuance in 2017 more than doubles 2016’s totals
    Thanks to the residential mortgage-backed security market continuing its strong performance in the month of May, RMBS-related issuance is now on track to have its best year since 2013, a new report from Standard & Poor’s Global Ratings shows.
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  • S&P: Mortgage-backed security market making a comeback in 2017

    First quarter issuance doubled 2016’s total
    Back in February, DBRS predicted that the residential mortgage-backed security market could see a resurgence in 2017 thanks to rising interest rates, which both drive down refinances and make securitization a more financially appealing option. As it turns out, that’s exactly what’s happening.
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  • S&P: Bond issuance hits yearly high; mortgage bonds not so much

    RMBS issuance now tracking well below 2014 and 2015
    Back in September, a report from Standard & Poor’s Global Ratings showed the mortgage bond well running dry, as the rate at which new residential mortgage-backed securities entered the market showed serious signs of slowing down. Well, S&P updated that report Tuesday, complete with bond issuance from October, and the news isn’t good for mortgage bonds or mortgage bond investors.
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  • DOJ planning to sue Moody's over crisis-era mortgage bond ratings

    Ratings agency discloses looming lawsuit from government
    In the fallout from the financial crisis, many argued that the credit ratings agencies’ competition for business led to ratings shopping among bond issuers and relaxed ratings standards for the ratings agencies themselves. Last year, Standard & Poor's reached a $1.375 billion settlement over just such claims. And now the Department of Justice is taking aim at Moody's Investors Service.
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  • S&P: Private mortgage bond well running dry

    Report shows 2016 RMBS issuance tracking well below 2015
    The rate at which new residential mortgage-backed securities are entering the market is slowing down, with 2016’s rate of RMBS issuance currently tracking well below last year, a new report from Standard & Poor’s Global Ratings shows.
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  • Ocwen rising: S&P upgrades nonbank's servicer rankings

    Stock soars after ratings agency reveals positive outlook
    Last month, HousingWire pondered if there was a light at the end of the tunnel for Ocwen Financial after the nonbank posted another loss in the second quarter, with company executives stating a belief that the nonbank can return to profitability as it puts "legacy" issues behind it. Now, Ocwen is putting one of those issues in the rear view mirror, as Standard & Poor's is upgrading the nonbank’s servicer rankings.
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  • New Residential to repay $2.5B in mortgage servicer advances

    S&P downgrades Ocwen, triggers repayment
    Citing an “inadvertent” oversight in a previous downgrade of Ocwen Loan Servicing servicer rankings, Standard & Poor’s announced earlier this week that it was lowering its ranking of Ocwen as a residential mortgage master servicer from “above average” to “below average.” And that move triggered a massive payback from New Residential.
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