The application of blockchain technology in asset securitizations is growing faster in China than in other parts of the world, with at least eight deals completed.
What’s so interesting about the Sterling disclosure is that it comes from a bank. For the most part, depositories have shied away from non-QMs unless it’s jumbo product made to wealthy individuals…
A new paper published by Harvard University found that VA lending is strongest in areas near major military installations. Another finding: VA lending as a share of all mortgages has increased faster in places with higher concentrations of veterans or active-duty personnel.
The forms of documentation allowed through Sterling's Advantage Loan program are more vulnerable to manipulation and misrepresentation than traditional documentation programs, according to Fitch.
The crux of the matter: “The agencies are aware that the use of certain alternative data may present no greater risks than data traditionally used in the credit evaluation process.”
Investment bankers that buy and sell mortgage servicing rights are starting to feel like the Maytag repairman. But deal activity is set to improve in the first quarter of 2020, or so they hope.
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