Volume 2014 - Number 42
November 7, 2014
Clean-Up Call Activity on Non-Agency MBS Increases, Ocwen Set to Issue More Calls
Servicers are increasingly executing their clean-up call options on vintage non-agency MBS, paying off investors at par and realizing profits by liquidating real estate owned properties. This year has been the most active year for clean-up calls on non-agency MBS since 2007, according to analysts at Bank of America Merrill Lynch. And that’s before the largest servicer of subprime MBS has taken any significant action on clean-up calls. In August, Ocwen Financial announced...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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