Where Realtors were once the first source of information for homebuyers, increasingly independent mortgage lenders are attempting to provide leads on homes for sale and more...
Goldman actually entered the subprime MBS and financing game a bit late compared to some of its peers. At one point it even owned a small subprime lender.
New issuance of non-agency MBS rose smartly in 2015, nearly matching the highest annual production volume since the financial market meltdown back in 2007. Some $61.60 billion of non-agency MBS came to market last year, a solid 13.9 percent increase from 2014, according to Inside MBS & ABS. This figure does not include Fannie Mae and Freddie Mac credit risk-transfer deals – which attract traditional non-agency MBS credit investors but are ... [Includes three data charts]
The Internal Revenue Service recently provided guidance to an MBS trustee and master servicer confirming that a settlement with investors was compliant with requirements for real estate mortgage investment conduits. While Private Letter Ruling 201601005 applies only to the unidentified parties that sought the guidance from the IRS, industry attorneys suggest that the letter could be useful when structuring settlements with MBS investors. The letter was released ...
Wells' lending performance stands in contrast to its closest JPMorgan Chase, which reported a 23.3 percent sequential decline in mortgage production for the period.