Secondary

Mortgage Capital Trading Inc. (MCT) has released new secondary marketing technology to improve the industry’s existing loan sale practices
Mortgage Capital Trading Inc. (MCT) has released new secondary marketing technology to improve the industry’s existing loan sale practices. Dubbed Bulk Acquisition Manager (BAM), the solution automates the process of packaging and transferring bulk loan bids, which benefits investors, lenders and... Keep Reading....
​Angel Oak Capital Advisors has announced that it has completed AOMT 2016-1, a $132.65 million securitization primarily backed by non-Qualified Mortgages (non-QM
Angel Oak Capital Advisors has announced that it has completed AOMT 2016-1, a $132.65 million securitization primarily backed by non-Qualified Mortgages (non-QM). This securitization marks the second offering of its kind by Angel Oak Capital and represents the firm’s commitment to revitalizing the... more
JPMorgan Chase & Co. has announced that it is receiving $645 million from a settlement involving with the Federal Deposit Insurance Corp. (FDIC) and Deutsche Bank AG stemming from its 2008 purchase of the banking operations of Washington Mutual Inc. (WaMu
JPMorgan Chase & Co. has announced that it is receiving $645 million from a settlement involving with the Federal Deposit Insurance Corp. (FDIC) and Deutsche Bank AG stemming from its 2008 purchase of the banking operations of Washington Mutual Inc. (WaMu). According to Reuters report, JPMorgan... more
The attorneys general representing 44 states announced that they reached a $100 million settlement with Barclays Bank PLC and Barclays Capital Inc.
The attorneys general representing 44 states announced that they reached a $100 million settlement with Barclays Bank PLC and Barclays Capital Inc. over allegations of fraudulently manipulating that U.S. Dollar LIBOR (the London Interbank Offered Rate) and other benchmark interest rates. Benchmark... more
Fannie Mae and Freddie Mac could require a taxpayer bailout of up $126 billion in the event the global economy turns sour
Fannie Mae and Freddie Mac could require a taxpayer bailout of up $126 billion in the event the global economy turns sour, according to the latest stress test performed on the government-sponsored enterprises (GSEs) by their regulator, the Federal Housing Finance Agency (FHFA). As part of the 2016... more