MBS

Bank disrupters growing; Hackers hit two big luxury stores

04/02/18

Fintech firms likely to take a third of traditional bank revenues by 2025, Citigroup report says; Saks, Lord & Taylor say five million card accounts were accessed.

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FHFA announces start date for new common mortgage security

03/28/18

After several years of preparation, Fannie Mae and Freddie Mac will start issuing a new, common mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency said Wednesday.

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UBS to pay $230 million to N.Y. in mortgage securities probe

03/21/18

UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.

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As 10 year Treasury yields spike, local mortgage rates will matter more

02/20/18

As inflation fears put upward pressure on 10-year Treasury bonds and mortgage rates nationally, borrowers could start to take more notice of what lenders are charging them locally.

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Blockchain being considered to resurrect crisis-era mortgage product

01/18/18

A group of big financial institutions wants to use the blockchain to help resurrect the packaging of home mortgages into securities, a business that almost destroyed the global banking system in 2008.

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Why the biggest private mortgage insurer is turning to the capital markets

11/03/17

James Bennison, head of alternative capital markets at Arch Capital Group, says that a new insurance-linked security helps with regulatory capital requirements and provides information that can help the company to better manage risk.

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Barclays, U.S. are said to renew talks over toxic mortgages

10/27/17

Barclays and the Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation.

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Balance-sheet dilemma: Cut long-rate exposure, or pay up for deposits?

10/24/17

Banks are swapping out long-term holdings for short-term securities to manage interest rate risk. But in the process, they are sacrificing yield — and ammo they might need to pay more for deposits to retain customers.

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