HousingWire, Mar. 9, 2016–Swanson, Brena
The private-label securities market stands nowhere close to where it used to over the past eight years. The Urban Institute addresses in a blog what’s going on in the PLS market, along with the areas that need still need a lot of groundwork in order to revive the market.
Retuers, Mar. 10, 2016–Mukherjee, Aurindom
California’s public pension system, Calpers, said it reached a $130 million settlement with Moody’s and Moody’s Investors’ Service to resolve a case involving inflated grades of residential mortgage deals that later faltered.
HousingWire, Mar. 9, 2016–Thompson, Kelsey
Primary new mortgage insurance grew 5.5% from last year, inching up from $165.8 billion to $174.9 billion, MGIC Investment’s February operational summery of its insurance subsidiaries for its primary mortgage insurance reported.
National Mortgage News, Mar. 9, 2016–Peters, Andy
Radian Group named Jeff Tennyson interim president for its Clayton Holdings unit after its previous president quit.
Bloomberg, Mar. 10, 2016
With U.S. mortgage rates near their lowest level since April and showing signs of falling further, some lenders are preparing for another refinancing wave, an unexpected development after the Federal Reserve began hiking short-term interest rates in December.
Wall Street Journal, Mar. 10, 2016–Rexrode, Christina; Glazer, Emily
Billions of dollars from bank settlements are going to homeowners–but the path to get it into their hands can be complicated.
Wall Street Journal, Mar. 10, 2016–Martin, Timothy W.
S&P, Moody’s and Fitch issue more than 95% of global bond ratings, and profits are nearing record highs.
National Mortgage News, Mar. 10, 2016–Sinnock, Bonnie
QRM clarified the rules of the road for securitizations. Now, participants in the MBS world seeking better margins are looking beyond the safe harbor–to the subprime space.
Bloomberg, Mar. 19, 2016–Matthews, Steve
The 2006-2009 housing slump reduced wealth by $7 trillion. Since then, the value of homeowners’ equity in real estate has more than doubled from a low in the first quarter of 2009, a Federal Reserve report today showed. What’s more, housing wealth is poised to reach a new record as early as the second quarter.
Reuters, Mar. 14, 2016
The amount of outstanding U.S. mortgages for multifamily homes rose to $1.06 trillion in 2015, up 10.4 percent from a year earlier, which was its fastest annual pace since 1993, the Mortgage Bankers Association reported Monday.
