Team Thayer Property Servicing

 RMBS Market Been Stagnant Since the Crisis? The private-label residential mortgage-backed securities market has  remained stagnant since the financial crisis, even though securitization in many asset classes has resumed (including commercial mortgage-backed securities); a  new brief  from the Urban Institute  examines why the RMBS market has not recovered similar to the way other asset classes have, and contains suggestions for precipitating such a recovery. In the brief, titled " The Rebirth of Securitization: Where is the Private-Label Mortgage Market? ," the UI's Director of Housing Finance Policy, Laurie Goodman, noted that the securitization of residential mortgage-loans backed by government agencies such as Fannie Mae and Freddie Mac have been strong while securitization of loans without a government backing has collapsed. While the collapse has not affected high net worth borrowers with perfect credit, since banks compete for these loans, access ...

Existing-Home Sales Gains May Be Slowing Down While existing-home sales have seen solid gains in 2015, reaching levels not seen since before the crisis seven years ago, the rate of increase may be slowing down, according to data released by Auction.com  on Tuesday. Auction.com's August 2015 Real Estate Nowcast predicted that seasonally adjusted existing-home sales for August will fall between the rates of 5.46 and 5.86 million annual sales, with a targeted number of 5.64 million. Though that would be a 12.9 percent year-over year hike from August 2014 – the largest year-over-year gain for existing-home sales in two years – it would be an increase of only 1 percent from July. “We may be looking at the beginning of a shift in existing-home sales activity,” Auction.com EVP Rick Sharga said. “The volume of sales, while continuing to increase, appears to be slowing down. And home prices, which have consistently appreciated over the past few years, may finally be leveling off.”...

The  Federal Reserve Board  announced that the aggregate financial sector liabilities  equaled approximately $21.6 trillion, according to the Fed's first-ever determination of aggregate consolidated liabilities for all financial companies  released on Wednesday . According to the Fed, the amount of total liabilities for the financial sector – $21,632,232,035,000 – will measure the aggregate consolidated liabilities for the purpose of section 622 of the Dodd-Frank Act for a one-year period from July 1, 2015, through June 30, 2016. Section 622 of Dodd-Frank, implemented by the Board's Regulation XX, prohibits a merger between two financial companies or one financial company from acquiring another if the resulting merged company's liabilities exceed 10 percent of the aggregate financial sector liabilities. Insured depository institutions, bank holding companies, savings and loan holding companies, foreign banking organizations, companies that control insured de...