Almost a decade after quantitative easing began in 2008 – where the U.S. Federal Reserve expanded its U.S. Treasuries holdings by over $ 1.9 trillion and acquired another $ 1.8 trillion of mortgage-backed securities, and then kept purchasing more as the bonds matured starting in 2014 – is finally coming to an end.
Link to Fitch Ratings' Report: Illawarra Series 2017-1 RMBS Trust here SYDNEY, May 14 Fitch Ratings has assigned expected ratings to Illawarra Series 2017-1 RMBS Trust's mortgage-backed floating-rate notes. The issuance consists of notes backed by Australian residential mortgages originated by IMB Ltd. The ratings are as follows: AUD276.00 million Class A notes: 'AAA sf';…
Sales of nonperforming loans by Fannie Mae and Freddie Mac fell during the past year as the number of delinquent loans on their books continued to drop. The government-sponsored enterprises sold 18,419 NPLs last year, down from 44,169 the previous year and from 25,612 in 2015, according to the Federal Housing Finance Agency. Foreclosure News
Homes that go into foreclosure are usually seized by the state because the homeowner cannot maintain mortgage payments. Most area homes are under judicial foreclosure, which means they go through the court system. Foreclosure News
ABA Journal Daily News
April 5, 2017 – As a free community service to help those fearful of losing their homes, Nassau County Bar Association hosts Mortgage Foreclosure/Sandy Recovery Free Legal Consultation Clinics. Held twice a month to meet the demand, the next two clinics are scheduled for Monday, April 17, 3 – 6 p.m., at the Nassau County…
The Kings Lake community in Gibsonton was the epicenter of the area's housing crisis with one in every five homes in the southern Hillsborough County community going through foreclosure during the recession. [LUIS SANTANA After the housing market collapsed more than a decade ago, new investors poured in to buy foreclosed homes and rent them…
