Settlement resolves claims arising out of the sale and of residential mortgage-backed securities
U.S. banking giant reaches deal with 21 major institutional investors
U.S. regulator brings transparency to the MBS market
Full cost of settlement covered by litigation provisions in the second quarter
Bank of America agrees to pay US$1.7 billion
Frontenac Mortgage Investment Corporation now is available to investors in Western Canada, the company said Thursday.Sharbot Lake, Ont. mortgage investment company has received the receipt of its prospectus dated August 23. This prospectus provides Canadians in the Western provinces the opportunity to invest in Frontenac Mortgage either through their investment advisors or directly with the […]
Canada Mortgage and Housing Corp. has granted Pacific & Western Bank of Canada approved issuer status entitling it issue NHA Mortgage Backed Securities, the bank said Tuesday.
Lenders and investors in mortgage-backed securities will continue to come under stress
The Bank of Canada announced a change in the eligibility requirements for certain securities pledged as collateral under its Standing Liquidity Facility.Effective immediately, the minimum pool size for National Housing Act Mortgage-Backed Securities (NHA MBS) to be considered eligible as collateral under the Bank of Canada’s SLF will be lowered to $25 million from $75 […]
Agencies will overhaul the way they collect fees, and improve their process for rating mortgage-backed securities