Secondary Market

The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.

The Securities and Exchange Commission’s changes to liquidity risk-management programs were released this week, as expected, and aim squarely at improved compliance and on protecting investors in ongoing risk areas.

The proposed regulation will require the GSEs to serve three underserved markets including manufactured housing, affordable housing preservation, and rural markets.

As of now, Fannie Mae and Freddie Mac only consider the FICO credit scoring model when making mortgage purchase decisions.

According to Black Knight Financial Services, Inc., latest Mortgage Monitor Report, high LTV purchase originations rose 20 percent in the third quarter of 2015, compared to the 13 percent increase in the purchase market overall.

Kroll Bond Ratings Agency is ready to offer complex ratings to help investors understand the stability of private mortgage insurers.

The merger is expected to enhance the size of the largest publicly-traded single-family rental company, California-based American Homes 4 Rent, which prior to the merger owned approximately 38,000 rental properties.

A group of Citigroup Inc., investors recently filed a lawsuit against the bank, with the allegations that the bank failed to address problems related to toxic residential mortgage-backed securities.

Clayton Holdings LLC, recently announced the hiring of Mark Hughes as EVP of sales and marketing. The company provides of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry.

While the single-borrower single-family rental securitizations in Kroll Bond Ratings Agency’s rated universe has seasoned only 10 months on the average, the properties that have securitized are appreciating in value.