Tag Archives: RMBS

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.

Wells Fargo and SunTrust Mortgage are the two most recent companies to settle over claims regarding representations and warranties on single-family loans sold to the GSE.

The latest summary shows Fannie Mae's book of business contracted at a compound rate of 1.9 percent in June, turning down from 0.3 percent and 0.2 percent gains in May and April (respectively).

UBS announced Monday it has reached an agreement in principle with the Federal Housing Finance Agency (FHFA) to settle claims related to soured residential mortgage-backed securities.

Nationstar Mortgage announced it is revising losses on loans with principal forbearances acquired in 2012 from Aurora Bank FSB and Aurora Loan Services.

The growth rate on Freddie Mac's mortgage portfolio dipped back into negative numbers again in May, the GSE reported in its monthly volume summary.

In a newly published paper, Robert Hockett proposes using government's eminent domain authority as a solution to underwater mortgage debt.

The Federal Housing Finance Agency (FHFA) and Citigroup have reached a settlement over allegations of fraud in the selling of $3.5 billion of mortgage-backed securities.

The stage is set for the private residential mortgage-backed securities (RMBS) market to make a comeback this year, Barclays says in a new research report.

U.S. District Judge Jed Rakoff went back on a previous decision to dismiss most of Dexia's claims against JPMorgan Chase in a $774 million suit. In reversing his decision, Rakoff noted that he didn't have the jurisdiction to grant a dismissal in the first place, citing an appeals court decision in a similar case involving American International Group (AIG) and Bank of America. Dexia filed suit in January 2012, alleging it was fraudulently convinced to purchase more than $1.6 billion of securities that went bad.