Wednesday , 30 September 2020

Around The Web

MBS Day Ahead: Month-End on a Friday. Time to Lock?

By Matthew Graham Posted To: MBS Commentary Just yesterday morning, I noted that bond markets may be seeing the light at the end of the tunnel for May. Indeed, things have been going well enough this week compared to recent weeks. Even the big financial media outlets are chiming in with headlines such as ” Call it a Sign the …

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DS News Webcast: Friday 5/29/2015

By Jordan Funderburk A federal judge has approved JPMorgan Chase’s $500 million settlement with four pension funds over the sale of faulty mortgage-backed securities by Wall Street investment firm Bear Stearns before the financial crisis. JPMorgan Chase acquired Bear Stearns in March 2008 at a stock-only price of $236 million, or $2 per share. In their lawsuit, the pension funds …

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Justice Department, CFPB Settle With California Lender To Resolve Discrimination Claims

By Brian Honea The U.S. Department of Justice and the Consumer Financial Protection Bureau (CFPB) have reached a settlement resolving allegations of discriminatory lending based on race on the part of California-based Provident Funding Associates, according to a joint announcement from the two government agencies. The post Justice Department, CFPB Settle With California Lender To Resolve Discrimination Claims appeared first …

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Mortgage Rates Microscopically Lower

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates barely budged today. Those that budged moved almost imperceptibly lower from yesterday’s latest rate sheets. In general, there was simply very little movement in underlying markets and lenders’ rate sheets matched the tone. Ironically, Freddie Mac’s weekly rate survey results came out this morning indicating higher rates. Keep in mind …

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Congress Requests TRID Grace Period

By xhevrije Representative Carolyn B. Maloney (D-New York), Andy Barr (R-Kentucky), along with 252 other House Members have wrote a letter to the Consumer Financial Protection Bureau (CFPB) requesting a grace period that would help lenders and home buyers comply with new TILA-RESPA Integrated Disclosure regulation. “Even with significant advance notice, understanding how to implement and comply … The post …

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MBS RECAP: Increasingly Calm Trading Heading into Month-End

By Matthew Graham Posted To: MBS Commentary There’s ‘month-end’ and then there’s ‘month-end.’ In a general sense, this entire week can be referred to as month-end as far as bond markets are concerned. It’s a time where money managers are adjusting portfolios to match adjustments made in the indices they’re forced to follow. On a related note, other traders are …

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Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs

By Brian Honea In an announcement regarding the letter to Castro, Waters said that many senior citizens have faced foreclosure or will face foreclosure due to “fraudulent lending practices” on the part of lenders surrounding HUD’s previous protocol for the HECM program. The post Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs appeared first on DSNews. …

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