Standard & Poor’s Ratings Services Reviews Ratings on Certain U.S. Residential Mortgage-Backed Securities Issued in 2007
NEW YORK, Oct. 17 /PRNewswire-FirstCall/ — Standard & Poor’s Ratings Services announced today that it had downgraded 1713 classes of U.S. residential mortgage-backed securities (RMBS) backed by first-lien subprimemortgage loans, first-lien Alternative-A (Alt-A) mortgage loans, and closed-end second-lien mortgage loans issued from January 1, 2007, through June 30, 2007.Related posts:
- Equifax Brings Increased Transparency to the Mortgage-Backed Securities Market
ATLANTA, GA - March 12, 2009 - (RealEstateRama) — In response to demand for increased transparency into the true health of mortgage loans, Equifax Inc. (NYSE: EFX has launched a breakthrough data solution for the mortgage-backed securities market....
- S&P Enhances Its Review of Data Quality Practices for U.S. Residential Mortgage Originations
NEW YORK, Oct. 10 /PRNewswire/ — Among the many factors contributing to the poor performance of recent vintages of U.S. residential mortgage-backed securities (RMBS), the two that are cited most often are stretched underwriting guidelines and home price declines. However, industry reports have also mentioned fraud at the origination stage. It’s important to note that [...]...
- New York Fed posts loan rates for June 16 CMBS TALF operation
New York, NY - June 16, 2009 - (RealEstateRama) — The Federal Reserve created the Term Asset-Backed Securities Loan Facility (TALF), to help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by auto loans, student loans, credit card loans, equipment loans, floorplan loans, insurance premium finance loans, loans...
- Statement Regarding Purchases of Agency Mortgage-Backed Securities and Agency Debt
New York, NY - September 23, 2009 - (RealEstateRama) -- On Wednesday the Federal Open Market Committee announced that the Federal Reserve will purchase a total of $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt. ...
- Researchers explore increasing foreign investment in U.S. bonds, mortgage securities
BERKELEY – Unprecedented investment in U.S. securities such as government bonds and mortgage-backed securities by China and other foreign countries reflects a growing globalization of real estate finance and generally benefits all sides - including U.S. home buyers enjoying lower interest rates - say researchers at the University of California, Berkeley’s Haas School of Business. ...
- Georgia Department of Banking and Finance’s License Revocation of Mortgage Consultant Services, Inc. and Order to Cease and Desist issued to Francine Shannon Become Final
Atlanta, GA - October 6, 2009 - (RealEstateRama) -- the Notice of Intent to Revoke Annual License issued by the Georgia Department of Banking and Finance ("Department") became final against Mortgage Consultant Services, Inc., mortgage broker license number 16862, formerly located at 180 Victoria Drive, Fayetteville, Georgia 30214....
- Department of Banking and Finance’s Order to Cease and Desist Issued to US Mortgage Funding, Inc. d/b/a www.usmortgagefunding.org Becomes Final
Atlanta, GA - September 21, 2009 - (RealEstateRama) -- On September 18, 2009, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to US Mortgage Funding, Inc. d/b/a www.usmortgagefunding.org, located at 951 Broken Sound Parkway, #200, Boca Raton, Florida, became final.This Order to Cease and Desist was issued by the Department after it...
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Articles Category: Mortgage
- Orlando Man Sentenced in Multi-Million-Dollar Mortgage Fraud Scheme
ORLANDO, FL - March 18, 2010 - (RealEstateRama) -- U.S. Attorney A. Brian Albritton announces that U.S. District Judge G. Kendall Sharp today sentenced Mark J. Moncher (age 53, of Orlando) to 57 months in federal prison for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme. The court also ordered Moncher to pay more than $1.9 million in restitution. Moncher had pleaded guilty on December 29, 2009.
- Terry Goddard Announces Settlements in Real Estate Fraud Case
Phoenix, AZ - March 17, 2010 - (RealEstateRama) -- Attorney General Terry Goddard today announced a $120,000 settlement with several defendants for their roles in a real estate scheme in Pima County that deceived novice investors, financial lenders and unqualified home buyers
- Forty Indicted in Major East Texas Mortgage Fraud Scheme
PLANO, TX - March 16, 2010 - (RealEstateRama) -- U.S. Attorney John M. Bales announced today that 40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas.
- Mortgage Fraud Leader Sentenced to Nearly 17 Years in Prison
PHOENIX, AZ - March 16, 2010 - (RealEstateRama) -- Mario G. Bernadel, 51, a citizen of Haiti, was sentenced today to nearly 17 years in prison for his conviction on multiple counts for leading a mortgage fraud scheme in Phoenix that cost banks over $9 million.
- Fattah Asks Sen. Dodd to Add Mortgage Emergency Assistance to Senate Bill
WASHINGTON, D.C. - March 15, 2010 - (RealEstateRama) -- In a letter to Senate Banking Committee Chairman Chris Dodd (D-Conn.), Congressman Chaka Fattah (D-PA) asked that new Senate regulations on the financial services industry include Fattah’s mortgage relief provisions that are contained in H.R. 4173, the Wall Street and Consumer Protection Act of 2009.
- Bureau of Financial Institutions Announces Continued Modest Increase in Home Foreclosures, But Increase in New Mortgage Loans
March 15, 2010 - (RealEstateRama) -- Bureau of Financial Institutions Superintendent Lloyd P. LaFountain, III announced this week that fourth quarter 2009 data submitted by Maine-chartered banks and credit unions shows a continuing increase in home foreclosures in Maine. In general, foreclosure activity at Maine banks and credit unions appears to be lower than in many other states and it does not pose a threat to the stability of Maine-chartered financial institutions.
- Attorney General McCollum Hosts South Florida Community Forum on Housing Issue
MIAMI, FL - March 15, 2010 - (RealEstateRama) -- Attorney General Bill McCollum and the Florida Interagency Mortgage Task Force today hosted a community forum in Miami to discuss the housing crisis. The event was designed to present a comprehensive approach for dealing with housing-related issues and provide information and assistance to consumers. Participating agencies included state agencies, law enforcement and regulatory authorities
