Duvvuri Subbarao’s term at RBI: Ready for the final performance

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… in delinquencies in the US sub-prime mortgage market and the associated ballooning …

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Duvvuri Subbarao’s term at RBI: Ready for the final performance

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COFI Teetering Near Record Low

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The Cost of Funds Index fell to within a single basis point of its lowest level on record. Also improving was the yield on the one-year Treasury note.

March’s COFI came in at 2 basis points lower than it did during

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Hotels, Industrial Properties Pull Down CRE Originations

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Commercial real estate loan originations tumbled on a quarter-over-quarter basis thanks to plunging production on hotel and industrial loans. Agency apartment loans also took a big hit.

Commercial mortgage production by all lenders tumbled 36 percent between the fourth-quarter 2012 and the first quarter of this year.

Compared to the first quarter of last year, however, U.S. lenders have raised CRE originations by 9 percent.


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Hotels, Industrial Properties Pull Down CRE Originations

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IPO Preview: Ellington Residential Mortgage REIT

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mortgage REIT focusing on residential mortgages. All five of the most recent mortgagemortgages; 0% to 10% in Agency RMBS backed by Hybrid/ARM mortgages; and 10% to 20% in non-Agency RMBS backed by Subprime/Alt-A/Prime mortgages and in our other …

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IPO Preview: Ellington Residential Mortgage REIT

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FHFA Provides Update on Common Securitization Platform

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A progress report on the creation of a common securitization platform for private-label mortgage-backed securities has been issued, and this year’s agenda was outlined.

The Federal Housing Finance Agency proposed in October 2012 a new securitization platform and a model for a contractual and disclosure framework.

The proposal sought to create a private-label securitization platform that would be capable of eventually replacing Fannie Mae and Freddie Mac.


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FHFA Provides Update on Common Securitization Platform

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Healthy March for Mortgage Insurers

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Mortgage insurance companies wrote more new business in March, while they managed to put a nice dent in defaults.

Last month, 9 percent more in home loans were insured than during the

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Initiative to Improve Secondary Marketing Certainty

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A new initiative has been launched by the Federal Home Loan Mortgage Corp. that is intended to provide approved sellers with more certainty about the deliverability of loans they originate.

The secondary lender announced Tuesday the launch of the Greater Purchase Certainty initiative, which was designed to help sellers improve loan quality.

The initiative is also intended to improve efficiency and transparency for seller-servicers that do business with the McLean, Va.-based company.


Initiative to Improve Secondary Marketing Certainty

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Bank Of America Asks Judge to Throw Out U.S. Lawsuit Over Countrywide Mortgages

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… its Countrywide Financial unit to mortgage-finance firms Fannie Mae (FNMA) and … , facing revenue shortfalls as the subprime mortgage market imploded in early 2007 … acted responsibly to resolve legacy mortgage matters.”
The lawsuit, filed …

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Bank Of America Asks Judge to Throw Out U.S. Lawsuit Over Countrywide Mortgages

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California Real Estate Continues to Outperform Nation

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Real estate prices continue to rise, and housing markets in the West are leading the way. Some East Coast markets are exhibiting weakness.

In March, the median sales price for new homes was $247,000, increasing from the previous month’s $226,400, according to the Census Bureau and the Department of Housing and Urban Development. The average sales price fell, however, to $279,900 from $286,300.

A forecast from the National Association of Realtors projects that the national median existing-home price will rise about 7.5 percent this year from 2012.


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California Real Estate Continues to Outperform Nation

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The Real Estate Report

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While existing home sales and housing inventories recently exhibited month-over-month weakness, year-over-year activity and new home sales were up.

Sales of new homes were a seasonally adjusted annual rate of 417,000 in March, up 1.5 percent from the revised February number and 18.5 percent better than the March 2012 estimate, the Census Bureau and the Department of Housing and Urban Development. reported.

The government’s numbers indicated that 153,000 new homes were for sale as of March 31. There were a revised 150,000 new houses for sale at the end of February and 145,000 for sale at the same point last year.


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