mortgage-bond transparency plan meets resistance from tradersthe financial industry regulatory authority’s latest plan to increase transparency in a corner of the $6.5 trillion mortgage-bond market is meeting resistance from wall street’s largest lobbying group.fortress gathering capital for mortgage-servicing rightsfortress investment group llc (fig) , the new york-based investment firm overseeing $46.4 billion, is seeking capital to buy residential mortgage-servicing rights as banks sell the loans, according to a presentation to clients.mortgage delinquencies fall as housing starts risein looking at the decrease in mortgage delinquencies, announced by the mortgage bankers association wednesday, this stood out: ?newer delinquencies, loans one payment past due as of march 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future," said michael ...mortgage delinquencies drop to 4-year lowthe percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said wednesday. |
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