Saturday , 21 October 2017

Around The Web

Market Update: Existing Home Sales

By Nicole Casperson The National Association of Realtors (NAR) recently released its Existing Home Sales report—discovering that despite three straight months of home sales declining, September sales showed a small incline. Amidst the ongoing narrative of supply shortages, the report found that total existing-home sales increased by 0.7 percent to a seasonally adjusted annual rate of 5.39 million … The …

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Lehman Brothers Holdings Face Trustees Claims

By Nicole Casperson Lehman Brothers Holdings Inc. defended against allegations last week from the residential mortgage-backed securities (RMBS) trustees—as the trustees questioned the bank on the value of the claims submitted during the financial crisis in 2008, according to pretrial briefs in an article released by Law360. Ultimately the issue here is that trustees argue Lehman Brothers’ “straightforward … The …

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Freddie Mac Updates Student Loan Debt Requirements

By Nicole Casperson In a recently released bulletin by Freddie Mac, the enterprise reports that it has updated requirements for qualifying borrowers with student loan debt. All of the changes noted in the bulletin are effective for mortgages with settlement dates on and after January 18, 2018—or immediately at the seller’s discretion. According to the GSE, the purpose … The …

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MBS RECAP: "Totally Expected" Budget Bill Shocks Markets

By Matthew Graham Posted To: MBS Commentary There’s a good video in the news stream with Austan Goolsbee going on a bit of rant about how the Senate’s procedural vote on a budget resolution late last night was totally expected. Someone should have told financial markets ahead of time. Traders speak with dollars and their words were clear in response …

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Mortgage Rates Rocked (Relatively) By Tax Plan Optimism

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates moved higher today as financial markets grew more optimistic about the potential for tax reform. Late last night, the Senate passed a resolution that included language designed to make tax reform legislation easier to pass. In a nutshell, it means the Senate only needs 51 votes as opposed to 60 …

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How Are Existing Home Sales Faring?

By Nicole Casperson The National Association of Realtors recently released its Existing Home Sales report, discovering the most recent data and trends in the market. Read on to find out just how good—or bad—existing home sales are doing. The post How Are Existing Home Sales Faring? appeared first on theMReport.com. Via:: How Are Existing Home Sales Faring?       

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Fitch Insights: A Discussion on the Future of RMBS

By Dean Terrell In a report from Fitch Ratings, the agency shares a recent roundtable discussion focused on RMBS process improvements. See what the experts had to say here.. The post Fitch Insights: A Discussion on the Future of RMBS appeared first on DSNews. Via:: Fitch Insights: A Discussion on the Future of RMBS       

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Assurant Announces New Leadership

By Nicole Casperson Assurant, Inc. announced on this week that Marc Connelly has joined Assurant Mortgage Solutions as National Sales Director—with the primary focus on growing the title and origination valuations product lines for Assurant. “Marc’s deep background in sales and business development is matched by knowledge and insights into our industry,” said Dan Hoppes, SVP, Mortgage Solutions at Assurant. …

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