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Servicing gains failed to offset steep origination declines at the bank, which continues to battle allegations of racial discrimination.
The residential mortgage division of Ally Financial posted earnings of $34 million in the first quarter, a 78% decline from the same period a year ago. Compared to the fourth quarter, Ally’s mortgage unit, Residential Capital Corp. (ResCap), saw earnings fall by 72%. The bank holding company reports mortgage earnings through two separate segments: ‘origination […]
The credit crisis has forced MBS investors to adopt new tactics. Notably, they have to take a closer look at the collateral backing mortgage bonds. But the analysis goes beyond that. Investors now need to look at home prices in a geographic region and consider the health of local economies where the homes are actually […]
The credit crisis has forced MBS investors to adopt new tactics. Notably, they have to take a closer look at the collateral backing mortgage bonds. But the analysis goes beyond that. Investors now need to look at home prices in a geographic region and consider the health of local economies where the homes are actually […]
The credit crisis has forced MBS investors to adopt new tactics. Notably, they have to take a closer look at the collateral backing mortgage bonds. But the analysis goes beyond that. Investors now need to look at home prices in a geographic region and consider the health of local economies where the homes are actually […]