Tag Archives: Mortgage-Backed Securities

After weeks of speculation from market watchers and analysts, JPMorgan Chase announced it has finalized a $ 13 billion deal with the Justice Department.

JPMorgan Chase announced Friday it has reached an agreement to pay billions of dollars to resolve claims from investors related to collapsed RMBS issued between 2005-2008.

With the implementation date for the ability-to-repay and qualified mortgage (QM) guidelines creeping ever close, Fitch Ratings expects it will have to adapt its ratings process to work them in.

Freddie Mac announced Tuesday that it has obtained an insurance policy intended to attract new sources of private capital from non-mortgage guaranty insurers and reinsurers.

Freddie Mac announced Tuesday it has priced a $630 million offering of Structured Agency Credit Risk (STACR) debt notes, marking the second STACR offering in which private sources--not taxpayers--took on the credit risk. "STACR is part of Freddie Mac's strategy to share credit risk with private investors while also fostering an agency credit market," said David Lowman, EVP of single-family business for the GSE.

Fannie Mae has released its September book of business, revealing further declines as new business acquisitions came to their lowest level in more than a year.

Ally Financial Inc. announced Tuesday the bank has reached settlements with the Federal Housing Finance Agency (FHFA) and FDIC for all pending litigation related to toxic mortgages.

JPMorgan Chase announced it has come to agreements to close the book on claims surrounding mortgage-backed securities and rep and warranty repurchase claims from FHFA and the GSEs.

September marked the third straight month of declining business for Freddie Mac, with purchases and issuances coming in at their lowest level in almost a year and a half. Freddie Mac's total mortgage portfolio shrank at an annualized rate of 4.3 percent in September, contracting at a slightly lessened pace compared to August's -5.0 percent growth rate. New business fell for the second straight month, with purchases and issuances totaling approximately $28.2 billion--the lowest since April 2012 ($25.9 billion).

JPMorgan Chase is reportedly set to pay a record $13 billion to the government to settle questions surrounding its sale of bonds backed by poor loans. An unidentified source reportedly told Bloomberg that JPMorgan CEO Jamie Dimon discussed the deal on Friday with U.S. Attorney General Eric Holder. According to that source, the discussed deal does not release the bank from potential claims of criminal liability at the insistence of Holder, who earlier this year remarked that some institutions may be "too big to jail."