Alt A Mortgage
Browse articles from all of our Newsletters related to Alt A Mortgage.
May 11, 2012 - Inside Nonconforming Markets
Subprime Volume Indicators and ABX Prices
A half page of subprime and jumbo data.
May 11, 2012 - Inside Nonconforming Markets
Two Harbors Sees Profits in ‘Cottage Industry’
Two Harbors Investment started acquiring residential properties to offer for rent during the first quarter of 2012, with officials at the real estate investment trust anticipating strong profits from the venture. The final step in establishing an infrastructure for the program was a February agreement with Silver Bay Property Management. “Silver Bay creates the opportunity to bring in institutional excellence to this sector, which heretofore has largely been ...
May 11, 2012 - Inside Nonconforming Markets
Walter to Diversify Loan Acquisition Methods
After growing significantly via the acquisition of portfolios and subservicing, special servicer Walter Investment Management is looking to increase its servicing assets in different ways. Walter is close to establishing delinquency flow programs and will soon increase its agency originations. “The company currently expects to close one delinquency flow program in the second quarter with an additional program to come in the second half of the year,” Walter said this week ...
May 11, 2012 - Inside Nonconforming Markets
Ocwen Focusing on Principal Mods, Diversification
Ocwen Financial has been a leader in principal-reduction loan modifications and officials at the company suggest the mods give Ocwen a competitive advantage over other servicers. The advantage could come into play as bank servicers look to complete required principal-reduction mods as part of the recent $25 billion servicing settlement. “I think we’ve done as many principal-reduction mods as the rest of the industry combined ...
April 27, 2012 - Inside Nonconforming Markets
Subprime Volume Indicators and ABX Prices
A half page of subprime and jumbo data.
April 27, 2012 - Inside Nonconforming Markets
CFPB Close to Issuing ‘Qualified Mortgage’ Rule
Facing a deadline set by the Dodd-Frank Act for the beginning of 2013, the Consumer Financial Protection Bureau is working on an ability-to-repay rule to define “qualified mortgages.” While industry participants have warned that few non-QMs will be originated, Raj Date, deputy director of the CFPB, said the regulator hopes to ensure that “prudent loans” will benefit from sufficient investor appetite and a competitive market. “We want to avoid any inappropriate disincentive that would prevent lenders from making ...
April 13, 2012 - Inside Nonconforming Markets
Subprime Volume Indicators and ABX Prices
A half page of subprime and jumbo data.
April 13, 2012 - Inside Nonconforming Markets
The $25 billion servicing settlement involving five major bank servicers was approved by the US District Court for the District of Columbia on April 4 without a formal challenge from the Association of Mortgage Investors or anyone else. The servicers and settlement monitor Joseph Smith will agree on deadlines to implement the settlement’s various provisions, with the deadlines to be set between 60 days after approval of the settlement and up to 180 days after approval ... [Includes four briefs]
April 6, 2012 - Inside MBS & ABS
Cash Flow Discrepancies Between Collateral, Bond Payouts Create Problem for Non-Agency Deals
Non-agency MBS deals have been plagued in the last two to three years by increasing instances of gaps and mismatches between expected collateral cash flow and payouts to bond holders, according to analysts at Barclays Capital. Most of the mismatches are attributable to balance capitalization, modifications and advances, either stopped or recovered by the mortgage servicers. Since most of the discrepancies are due to the treatment of delinquent mortgages, the gaps are widest in subprime. Sporadic mismatches have been spotted in option ARMs and Alt A hybrid loans as well, the analysts said...
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