The trustee of a commercial MBS has alleged that a master servicer and subservicer failed to monitor rental payments in a lockbox account.

Adams Outdoor Advertising has issued similar securitizations, most recently in 2021 and 2018.

Investment management company Principal Asset Management suggests short duration, high-quality consumer ABS could be in high-demand if a recession hits later this year.

A proposal floated by federal regulators seeks to base capital requirements for mortgages held in portfolio at big banks on loan-to-value ratios. Banks expressed grave concerns about the proposal.

For years, banks have been dominant players in the non-agency jumbo space. One strategy: Originate a loan, place it in portfolio and earn a spread. But thanks to rising rates and increased regulatory scrutiny, the economics aren’t as attractive.

A New Jersey jury this week agreed with LoanCare’s counterclaim that Freedom Mortgage fraudulently transferred funds when terminating a subservicing agreement.

The MBA said the proposal lacks a provision for a cost-benefit analysis and dispenses with assessing the likelihood that a firm would experience material financial distress in making the designation.

Look for Wells Fargo to offer more of its holdings while other shops, bank and nonbank alike, contemplate their futures.

Amid a housing supply crunch, investors are finding it more profitable to focus on rental properties instead of fix-and-flip homes.

The Urban Institute wants Fannie and Freddie to view FHA as a partner and share their data and underwriting models to assist in FHA’s mission.