Conditions in the housing sector may have finally improved enough to bring life back to the securitization market.
Read More »Business Declines at Freddie Mac as 2012 Closes
After climbing into positive territory for the first time in two years, Freddie Mac's total mortgage portfolio decreased sharply in December.
Read More »FHFA, General Electric Settle Claims over Faulty Securities
The Federal Housing Finance Agency and General Electric reached a settlement to resolve claims of faulty mortgage-backed securities sold to Freddie Mac.
Read More »Fitch: QM Definition Good for Jumbo Prime Market
Now that the industry has its long-awaited QM definition, Fitch Ratings believes jumbo prime securities are poised to see a jump start.
Read More »Fannie Mae Multifamily Issuance Climbs Above $33B in 2012
Fannie Mae's multifamily issuance increased nearly $10 billion from 2011 to 2012, the GSE announced.
Read More »Fed Reports $88.9B Paid to Treasury in 2012
The Federal Reserve announced it paid a record $88.9 billion to Treasury in 2012. The earnings are from Fed programs that were introduced to stimulate the economy and involve the purchase of billions in mortgage-backed securities (MBS) each month to keep interest rates down.
Read More »Fitch Foresees Revival of Securities Market as QM Rule Rolls Out
Fitch Ratings anticipates the CFPB's QM announcement will finally allow banks to assess the costs of re-entering the securitization market.
Read More »JPMorgan Seeks Dismissal of Task Force Securities Suit
It's been months since New York Attorney General Eric Schneiderman filed suit against JPMorgan Chase over faulty mortgage-backed securities (MBS), but the bank is now coming out of its own corner swinging. Attorneys for the bank filed a motion to dismiss in early January, arguing that because Schneiderman brought his claims under the Martin Act (an article granting the attorney general increased power to combat financial fraud), they are subject to a three-year statute of limitations that has already elapsed.
Read More »NCUA Sues JPMorgan over $2.2B in WaMu Securities
The National Credit Union Administration (NCUA) filed its 10th action against a major Wall Street investment firm.
Read More »Fannie Mae Reports Major Uptick in New Business for November
After seeing fairly little change in October, Fannie Mae's total Book of Business posted significant growth in November.
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