The Fannie/Freddie MSR portfolio has no delinquencies whatsoever…

Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”

But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...

LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…

Still, the deal world grinds forward. “Ten days ago, sales were dead, but interest is picking up again,” said Mark Garland, president of MountainView Servicing Group…

In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.

The MBS is backed by 3,548 mortgages that have seasoned for more than 11 years, on average.

SG has been an investor in nonprime/non-QM loans and has even issued unrated deals…

In less than 90 days...

The election of President Trump and Republican control of Congress initially prompted optimism among MBS and ABS issuers for significant easing of regulatory standards. But with comprehensive legislation from Congress looking unlikely, the focus has shifted to federal agencies, according to speakers at the recent ABS East conference sponsored by Information Management Network. “Expectations have had to be reset post-election,” said Ryan Schoen, a senior financial services analyst at Washington Analysis, a research firm. He said he doesn’t expect much regulatory reform from Capitol Hill. While the House passed H.R. 10, the Financial CHOICE Act, this year, the Senate is taking a more measured approach. “The Senate doesn’t seem...