Servicer Advance Securitization is Growing but Concerns Persist May 7, 2013 Brandon Ivey The market for securities backed by servicer advances is red hot, but S&P says investors face risks. Read More
New York AG to File Lawsuits Against BofA, Wells for Servicing Issues May 6, 2013 Brandon Ivey Law enforcement officials say some of the nation's megabanks are violating terms of the historic national servicing settlement. Read More
Redwood Shrugs Off Widening Spreads on Non-Agency Jumbo MBS, Posts Huge Profit May 3, 2013 Brandon Ivey Redwood hits an earnings home run in the first quarter. Widening spreads a concern? Hardly.Read More
Ocwen Eyeing $375 Billion in Acquisitions, Reports Record Revenue May 2, 2013 Brandon Ivey Thanks to its servicing business, Ocwen posted strong earnings in the first quarter but questions have been raised about its gain-on-sale margin.Read More
Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say ‘Viva’ Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks May 2, 2013 Brandon Ivey and Paul Muolo PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.Read More
Credit Suisse Issues $394 Million Non-Agency Jumbo MBS May 1, 2013 Brandon Ivey Redwood Trust isn't the only busy beaver in the jumbo MBS market. Credit Suisse is out with a new deal.Read More
FSOC Says MBS-Investing REITs are ‘Highly Exposed’ if Rates Rise Quickly April 30, 2013 Brandon Ivey Publicly traded REITs that invest in MBS "borrow short" and "lend long." But is that a problem? It might be, says FSOC.Read More
Consumer Advocates Pushing States to Enact Stringent Servicing Laws April 26, 2013 Brandon Ivey Consumer advocates also recommend that state policymakers pass legislation or implement regulation requiring servicers to adopt and engage in loss-mitigation practices.Read More
Redwood and Other Non-Agency Players Want Congressional Help to Boost Production April 24, 2013 Brandon Ivey The non-agency/jumbo market cannot truly revive until Congress passes laws aiding transparency and decreasing risk to potential participants.Read More
ASF Suggests Ways for Fannie and Freddie to Reduce Their Market Share April 23, 2013 Brandon Ivey ASF suggests that one way to reduce the market share of the GSEs is to hike guaranty fees once again.Read More