Moody’s Raises Concerns About Disclosures of Jumbo MBS Rep/Warrant Breaches March 7, 2019 Brandon Ivey Issuers of prime jumbo mortgage-backed securities aren’t doing a good enough job of providing details of potential rep-and-warrant breaches …Read More
SFIG Almost Done with MBS Reforms, Adoption Uncertain March 5, 2019 Brandon Ivey The Structured Finance Industry Group’s years-long effort to reform practices in the non-agency mortgage-backed security market is nearly complete ...Read More
Expanded-Credit Production Spikes 20% in 2018 March 4, 2019 Brandon Ivey Angel Oak and Citadel Servicing Corp. both turned in banner years...Read More
Feds and Florida Seek to Merge Ocwen Lawsuit March 4, 2019 Yemeng Yang Seeking a merger of the complaints, federal and state regulators now believe their cases overlap sufficiently regarding questions of law and fact…Read More
Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage March 4, 2019 Paul Muolo, Brandon Ivey, and George Brooks More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...Read More
Nonbanks’ Non-QM Acquisition Strategies Differ March 1, 2019 Brandon Ivey MFA, on the other hand, is acquiring non-QMs from several unidentified lenders via whole loan acquisitions…Read More
Bank ABS Portfolios Showed a Modest Increase in 4Q18 March 1, 2019 John Bancroft Consumer asset-backed securities, including unsecured debt consolidation loans and education financing, remained the most popular ABS category for banks…Read More
ATTOM: Fewer Home Flips but More Borrowed Money February 28, 2019 Yemeng Yang Translation: fewer loan units but a higher dollar volume.Read More
Angel Oak Rolls Out Fix & Flip Wholesale Option, Hires JPM Exec February 26, 2019 Paul Muolo To lead the effort, Angel Oak hired JPMorgan executive Will Jackson…Read More
Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit February 26, 2019 Brandon Ivey and Paul Muolo Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?Read More
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