RMBS investors warn on long-term hazards of shutdown If we use the Bank of Queensland Reds 2017 – 1 RMBS above as an example, the pool has 4,031 loans – 27.6% in the Brisbane Metro area, 21.5% in Queensland, non-metro, 20.6% in NSW, 15.2% in WA and 11.6% in Victoria. Another key protection for investors is the built in overcollateralisation of the RMBS.
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· The City of Richmond, California has commenced the process for taking by eminent domain hundreds of notes secured by mortgages on underwater residential properties owned by investors through residential mortgage backed securities (RMBS).
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DLA Piper: Richmond eminent domain battle just beginning; LA man sentenced to 11 years in foreclosure scam; Homebuilder spring selling season off to solid start; Fannie mae selling .2b in non-performing loans; Fannie Mae net income retreats to $2.4B in Q1; Categories. Home Loans; archives. june 2019; May 2019
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· DLA Piper: Richmond eminent domain battle just beginning. Investors unite in eminent domain lawsuit. Freddie Mac explores credit-risk transfer idea to gain more REIT investors.
Wells Fargo cuts 150 positions in Charlotte Wells Fargo & Co. announced Thursday it will lay off 116 employees in the. The fort mill office also saw 100 employees cut in June for similar reasons.. 25,000 people in the Charlotte region – its largest employment hub.
In March of 2016 the US DOE announced that it would directly participate by owning the Arkansas portion of the proposed Plains & Eastern high-voltage direct-current power line, and that it would use its eminent domain powers as necessary to ensure that the line gets built.
DLA Piper: Richmond eminent domain battle just beginning; LA man sentenced to 11 years in foreclosure scam; Homebuilder spring selling season off to solid start; Fannie Mae selling $1.2B in non-performing loans; Fannie Mae net income retreats to $2.4B in Q1; Categories. Home Loans; Archives. June 2019; May 2019