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Fitch

RMBS trustees worry that consent process will slow down Libor switch

Trustees are concerned about obtaining proper consents from legacy residential mortgage-backed securities investors in a timely fashion in order to make the switch...
Goldman Sachs all but guarantees the Federal Reserve is about to cut interest rates | 2019-07-11

Fitch: No clear LIBOR transition for U.S. lenders | 2019-08-20

The London Interbank Offered Rate is set to expire at the end of this 2021, and U.S. lenders are still unclear on what...
Ameribor

Ameribor seeks to make its mark as an alternative to Libor

Futures trading began on Aug. 16 for the American Interbank Offered Rate, a potential rival to the Structured Overnight Financing Rate as an...
Fed working group proposes SOFR-based mortgage by 2021

Fed working group proposes SOFR-based mortgage by 2021

A public-private working committee of the Federal Reserve, with the backing of Fannie Mae and Freddie Mac, on Thursday proposed a road map...
Libor

MBA creates Libor discontinuation notice for residential servicers

The Mortgage Bankers Association created a template for originators to notify new borrowers when their adjustable-rate mortgage switches to a different index once...
Libor

‘Devil is in the details’ for lenders transitioning from Libor: MBA

Commercial and multifamily mortgage lenders need to figure out their plan for replacing the London interbank offered rate index potentially expiring at the...
Transition from Libor to new benchmark should begin now: Fed’s Quarles

Transition from Libor to new benchmark should begin now: Fed’s Quarles

WASHINGTON — Federal Reserve Vice Chairman for Supervision Randal Quarles said the time may be now for financial institutions to move on from...
Secondary-Libor

Replacement of Libor mortgage index recalls memories of Y2K panic

The development of a replacement index for the London interbank offered rate brought back memories for one secondary market participant of the technology...
SFIG seeking relief from tax consequences of Libor switch

SFIG seeking relief from tax consequences of Libor switch

Libor’s expected demise poses more than one dilemma for investors in securities backed by mortgages, auto loans, credit card receivables and other kinds...
Libor is going dark in 2021, and some banks aren’t ready

Libor is going dark in 2021, and some banks aren’t ready

WASHINGTON — Industry insiders are worried some banks are not paying enough attention to the likely switch to a new interest rate benchmark.Regulators...

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Mortgage rates

Ginnie Mae and the politics of prepayments

Since 2008, the U.S. mortgage industry has been buffeted by a great many changes and a lot of volatility and risk in the...
How Is Debt Impacting Owning a Home?

Can Having Mortgage Debt be Good for You?

Is having debt a good thing? A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative...
foreclosures

How Effective Is FHA’s Distressed Asset Stabilization Program?

A new study by the Urban Institute analyzed the Government Accountability Office's (GAO's) recent evaluation of the Federal Housing Administration's (FHA's) Distressed Asset...
Treasury 30-year yield closes in on all-time low, 10-year under 1.6%

10-Year Treasury yield falls below 1.5% for first time since 2016

The global rally in bonds on Thursday drove the yield on the benchmark 10-year Treasury below 1.5% for the first time since August...
The Industry Pulse: Updates on Morningstar and More ...

The Industry Pulse: Updates on First American, Cloudvirga, and More

From new resources and tools to key hires and promotions, get the latest industry buzz in this update. First American Financial Corporation, a global...

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