Demand for RPLs Strong; Chimera Issues First Deal, MetLife is Ready October 6, 2017 Brandon Ivey MetLife said a number of new investors have started buying RPLs in recent years. And even with the strong demand, it’s still a market that offers relatively attractive returns…Read More
MBS Issuance Up Solidly in 3Q17, but ABS Production Weakened October 6, 2017 John Bancroft The GSEs and Ginnie Mae remain the dominant forces in the MBS/ABS market. Their combined single-family issuance hit $346.98 billion in 3Q17…Read More
Treasury Answers Trump’s Call on Looser Regs, Floats Ideas for MBS and ABS Markets October 6, 2017 Brandon Ivey The capital and liquidity requirements targeted by Treasury were largely established by the Basel III accords and the Dodd-Frank Act…Read More
Ocwen Financial Hires Wall Street Veteran Chris Whalen October 5, 2017 Paul Muolo Early last year Whalen predicted the nation’s four largest commercial banks might exit the business of residential lending and servicing… Read More
Short Takes: Deal Makers Bolt Houlihan for Hovde / ThomaLee Buys Controlling Stake in Ten-X / SoFi Reaches Out to Baseball Fans / It Had to Happen Eventually: ‘Crowd Funding’ for a Downpayment / CA VP Victim in Las Vegas Shooting October 5, 2017 Paul Muolo Houlihan as been a major player in mortgage-related deals ever since it purchased Milestone Partners earlier in the decade…Read More
Trouble in IO Land? 1H17 Production Down Almost 20 Percent October 4, 2017 Brandon Ivey First Republic Bank originated $1.90 billion of IOs in the second quarter of 2017, ranking first nationwide.Read More
Ocwen Says SEC Clears it of Wrongdoing in Two Matters October 4, 2017 Paul Muolo Ocwen suggests that other mortgage firms are being investigated by the SEC for their use of collection agents...Read More
A Coming Boom for Non-Agency MBS? New Deals are Oversubscribed October 4, 2017 Brandon Ivey Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…Read More
Lenders Defend Bank-Statement Mortgages October 3, 2017 Brandon Ivey “Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…Read More
Chimera Readies its First Rated MBS Backed by RPLs After Issuing 16 Unrated Deals October 2, 2017 Brandon Ivey The MBS is backed by 3,548 mortgages that have seasoned for more than 11 years, on average.Read More