United States housing bubble

KBRA Releases Research – Auto Loan ABS: EPA Greenhouse Gas Score Update

Retrieved on: 
Thursday, July 15, 2021
Research, Banking, Professional services, Alternative Vehicles, Fuels, General Automotive, Automotive, Environment, Other Professional Services, Science, Finance, Other Automotive, Other Science, Money, Finance, United States housing bubble, Economy, Credit risk, Debt, Securitization, Credit rating agency, EPAS, Structured finance

Kroll Bond Rating Agency (KBRA) releases updated research that maps the EPAs Greenhouse Gas (GHG) score to make/model/year information provided in auto loan asset-level disclosures for 181 securitized loan pools across 22 auto loan ABS issuers.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases updated research that maps the EPAs Greenhouse Gas (GHG) score to make/model/year information provided in auto loan asset-level disclosures for 181 securitized loan pools across 22 auto loan ABS issuers.
  • The results provide an insightful data point regarding the relative environmental impact of each auto loan securitization.
  • In this report, we provide an updated data file containing 18 additional transactions that closed between mid-February and the end of June.
  • Additionally, we continue to refine our mapping of the EPAs GHG score to securitization asset-level disclosures, resulting in an additional 88,500 vehicles being assigned a GHG score since our previous publication in March.

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2021 Financial Results

Retrieved on: 
Wednesday, July 14, 2021
Construction & Property, Professional services, REIT, Finance, Structured finance, Mortgage-backed security, Finance, Financial markets, United States housing bubble, Money, Mortgage industry of the United States, Fixed-income securities, Mortgage servicer, Residential mortgage-backed security, Mortgage loan, American Home Mortgage

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended June 30, 2021 after market close on August 4, 2021.

Key Points: 
  • Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended June 30, 2021 after market close on August 4, 2021.
  • The company will host a conference call to review the financial results on August 5, 2021 at 9:00 a.m.
  • To participate in the teleconference, please call toll-free (877) 502-7185 approximately 10 minutes prior to the above start time.
  • Two Harbors Investment Corp., a Maryland corporation, is an internally managed real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Old Point Announces Completion of $30 Million Subordinated Notes Offering

Retrieved on: 
Thursday, July 15, 2021
Regions of the United States, Loans, Mortgage loan, Hampton Roads, Hampton, Virginia, Geography of the United States, Structured finance, Geography of Virginia, United States housing bubble

HAMPTON, Va., July 15, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced the completion of its private placement of $30 million of 3.50% Fixed to Floating Rate Subordinated Notes due 2031 (the Notes) to certain qualified institutional buyers and accredited investors.

Key Points: 
  • HAMPTON, Va., July 15, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced the completion of its private placement of $30 million of 3.50% Fixed to Floating Rate Subordinated Notes due 2031 (the Notes) to certain qualified institutional buyers and accredited investors.
  • The Notes include a right of prepayment without penalty on or after July 15, 2026.The Notes have been structured to qualify as Tier 2 capital for regulatory purposes.
  • Old Point Financial Corporation(Nasdaq: OPOF)is theparent company of Old Point National Bank and Old Point Trust & Financial Services, N.A., which serve the Hampton Roads and Richmond regions of Virginia as well as operate a mortgage loan production office in Charlotte, North Carolina.
  • Old Point Trust is the largest wealth management services provider headquartered in Hampton Roads, Virginia, offering local asset management by experienced professionals.

Innovative Loan Program for Non-Owner Occupied Properties Launched by Interfirst Mortgage

Retrieved on: 
Thursday, July 15, 2021
Loans, Mortgage loan, Mortgage industry of the United States, Finance, United States housing bubble, Economy, Financial services

CHICAGO, July 15, 2021 /PRNewswire/ -- Interfirst Mortgage Company (Interfirst), a private equity-backed mortgage originator, announced today the launch of ONE: a new loan program backed by non-owner occupied properties.

Key Points: 
  • CHICAGO, July 15, 2021 /PRNewswire/ -- Interfirst Mortgage Company (Interfirst), a private equity-backed mortgage originator, announced today the launch of ONE: a new loan program backed by non-owner occupied properties.
  • ONE is the first loan program to launch as part of Interfirst's Independence Series of mortgage loan programs.
  • ONE is a privately backed loan program, independent of the government, and offers an innovative solution for professional real estate investors.
  • Interfirst Mortgage Company is a private equity-backed mortgage originator that is focused on delivering a transparent, streamlined customer experience.

U.S. Properties With Foreclosure Filings In First Six Months Of 2021 Hit All-time Low Of 65,082

Retrieved on: 
Thursday, July 15, 2021
Mortgage, United States housing bubble, Real property law, Foreclosure, Urban decay, Real estate, Land law, Articles

Bucking the national trend with increasing foreclosure activity compared to a year ago, were only 5 of the 220 metro areas analyzed in the report.

Key Points: 
  • Bucking the national trend with increasing foreclosure activity compared to a year ago, were only 5 of the 220 metro areas analyzed in the report.
  • Nationwide 0.05 percent of all housing units (one in every 2,112) had a foreclosure filing in the first half of 2021.
  • 6,826 U.S. properties started the foreclosure process in June 2021, up 16 percent from the previous month and up 40 percent from a year ago.
  • Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter.

Financial Compliance Expert Melissa Hammer Joins RiskExec Team

Retrieved on: 
Wednesday, July 14, 2021
Mortgage industry of the United States, United States federal banking legislation, United States housing bubble, Urban politics in the United States, Home Mortgage Disclosure Act, Community Reinvestment Act, Housing in the United States, Banking in the United States, Cities in the United States

WASHINGTON, July 14, 2021 /PRNewswire/ --Asurity is delighted to announce Melissa Hammer has joined its expanding leadership team as Senior Vice President, Fair Lending Product Management for RiskExec , Inc. (RiskExec), an Asurity subsidiary.

Key Points: 
  • WASHINGTON, July 14, 2021 /PRNewswire/ --Asurity is delighted to announce Melissa Hammer has joined its expanding leadership team as Senior Vice President, Fair Lending Product Management for RiskExec , Inc. (RiskExec), an Asurity subsidiary.
  • RiskExec is the industry-leading SaaS solution for Fair Lending, Home Mortgage Disclosure Act (HMDA), and Community Reinvestment Act (CRA) compliance in financial services.
  • Melissa brings to RiskExec over 20 years of broad financial industry risk and compliance expertise.
  • "The addition of Melissa to our RiskExec team will advance the ongoing development and expansion of our existing product suite, further accelerating RiskExec's rapid growth," says Dr. Anurag Agarwal, President of RiskExec.

Freddie Mac Prices $912 Million Multifamily K-Deal, K-F116

Retrieved on: 
Tuesday, July 13, 2021
Mortgage industry of the United States, Finance, Mortgage-backed security, United States housing bubble, Financial markets, Money, Structured finance, Affordable housing, Freddie Mac, Mortgage loan, Fannie Mae

The K-F116 Certificates are backed by corresponding classes issued by the FREMF 2021-KF116 Mortgage Trust (KF116 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-F116 Certificates are backed by corresponding classes issued by the FREMF 2021-KF116 Mortgage Trust (KF116 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Brean Capital Announces the Closing of a $132,162,000 Offering of Certificates by the IMS Ecuadorian Mortgage Loan 2021-1 Trust

Retrieved on: 
Tuesday, July 13, 2021
United States housing bubble, Finance, Money, Structured finance, Economy, Credit risk, Debt, Securitization, Mortgage loan, Mortgage-backed security

NEW YORK, July 13, 2021 /PRNewswire/ --Brean Capital, LLC, a nationally recognized full-service investment firm specializing in capital raising and advisory services, announces the closing of a $132,162,000 offering of certificates by the IMS Ecuadorian Mortgage 2021-1 Trust.

Key Points: 
  • NEW YORK, July 13, 2021 /PRNewswire/ --Brean Capital, LLC, a nationally recognized full-service investment firm specializing in capital raising and advisory services, announces the closing of a $132,162,000 offering of certificates by the IMS Ecuadorian Mortgage 2021-1 Trust.
  • International Mortgage Securitizations ("IMS"), a Virginia LLC, is the U.S. sponsor and grantor of the trust.
  • Banco Pichincha C.A., Ecuador's largest private bank, is the originator, seller and servicer of the mortgage loans.Brean Capital, LLC served as sole underwriter and placement agent.
  • For more than 40 years, the firm has specialized in providing capital raising, M&A and financial advisory services to middle-market businesses.

Two Harbors Investment Corp. Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Tuesday, July 13, 2021
Construction & Property, REIT, Loans, Money, Finance, United States housing bubble, Communication, Forward-looking statement, Economy, Mortgage loan, Mortgage servicer, Mortgage-backed security, Loan servicing

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.

Key Points: 
  • Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.
  • The forward-looking statements made in this release include, but may not be limited to, expectations regarding the use of proceeds from the offering.
  • All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Turning the Corner in April: CoreLogic Reports First Annual Decrease in US Overall Delinquency Rate Since March 2020

Retrieved on: 
Tuesday, July 13, 2021
Professional services, Data management, Technology, Residential Building & Real Estate, Software, Finance, Construction & Property, Finance, Money, United States housing bubble, Mortgage, Economy, Foreclosure, Real property law, Urban decay, CoreLogic, Mortgage loan

To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.

Key Points: 
  • To gain an accurate view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
  • Adverse Delinquency (60 to 89 days past due): 0.3%, down from 0.7% in April 2020.
  • Serious Delinquency (90 days or more past due, including loans in foreclosure): 3.3%, up from 1.2% in April 2020.
  • Foreclosure Inventory Rate (the share of mortgages in some stage of the foreclosure process): 0.3%, unchanged from April 2020.