At 5:50 p.m. on Tuesday, 10 minutes before the attorney general's scheduled conference, Schneiderman's office sent an email advisory that the call had been "postponed indefinitely."
Mortgage servicers continue to modify 25,000 loans a month under the HAMP, but that pace could pick up later this summer.
Senate Minority Leader Mitch McConnell and 38 other Republicans are pledging to file a court brief supporting any legal challenge to the recess appointment of Richard Cordray.
Conventional speeds declined around 6%-8% in January versus an expected 3% average.
After a yearlong effort to reach a multistate settlement with the top five mortgage servicers, state attorneys general and the firms involved finally appear to be close to a deal.
For the U.S. market, the lessons of European regulatory simplicity could be key to reviving other sectors of securitization outside the consumer ABS asset classes.
The industry made changes so as to render CMBS viable again by attracting a broader investor base is the so-called "CMBS 3.0" version.
Securitization pros have had to constantly come up with new deal structures to respond to challenges posed by the ongoing financial crisis. Nowhere is this more obvious than in CMBS.
An underappreciated threat to the mortgage and housing markets is the reliance of many American borrowers on low Libor rates.
The loan market is getting creative in structuring deals to accommodate this waning investor class.