Fannie, Freddie paid $50 million in fees to Florida law firms under investigation Bill to Let FHA Raise Annual Premiums Heads to Obama Trump is symbolically peeing in Obama’s bed. Later this year. that the various acts of legislative and executive sabotage against the law will increase premiums on the individual market by an.Following another quarter of strong results, Fannie Mae and Freddie Mac announce they will pay back $39 billion to the U.S. Government in the form of dividends in December of this year.
Despite what’s expected to be a year of anything but calm waters ahead, in its annual outlook released Thursday, Moody’s says the performance of loan pools backing outstanding RMBS has begun to.
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Separately, Moody’s also updated its methodology for rating option ARM loan securitizations. The Alt-A changes became effective Aug.1. These alterations range from an increase in loss estimates, which is anywhere from 10% for stronger Alt-A pools, to an increase of more than 100% for weaker Alt-A pools.
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The rating agency explained that its decision to place ING Bank NV’s ratings on review for possible downgrade "reflects the heightened risk from a potential change in the terms of the Alt-A Back-up facility agreed with the Dutch government in January 2009, as well as Moody’s expectations of continued earnings and capital pressure at the.
· Total unrealized losses at June 30, 2008 on mortgage- and asset-backed securities collateralized by Alt-A first mortgage loans and nonprime home equity loans were $15 million and $4 million, respectively. The remainder of the losses related primarily to investment grade securities secured by prime residential first mortgage loans.
Moody’s takes action on $1.7 billion of Alt-A and Option ARM RMBS issued by Washington Mutual from 2001 through 2004 28 Feb 2011 New York, February 28, 2011 — Moody’s Investors Service has downgraded the ratings of 149 tranches and confirmed the ratings of six tranches from 18 Alt-A and Option ARM deals issued by Washington Mutual.
Mortgage applications surge on refinancing boom Mortgage applications surge as rates drop. It is nothing short of a refinancing boom, with applications now up 63% in the four weeks as rates have fallen 28 basis points over that time.