Altisource Asset Management is considering changes to its non-agency origination business as losses pile up. Alternatives under consideration include a sharp pivot to electric vehicle charging.
The lawsuit focused on whether $75 million of deferred principal payments owed by borrowers who had entered into loan modification programs following the 2008 financial crisis should factor into the clean-up call price of MBS held by Deutsche Bank.
Mortgage Bankers Association President and CEO Bob Broeksmit said the proposed capital requirements don't address the reasons banks failed earlier this year.