Four whole-business securitizations totaling $3.58 billion are in the works, according to presale reports, including a $900.0 million deal from Coinstar. The securitization from Coinstar received a preliminary BBB rating from Kroll Bond Rating Agency. The company owns nearly 20,000 kiosks that count change located in grocery stores and other retail venues, mostly in the U.S. The company generates...

Ginnie Mae is making enhancements to a tool developed for MBS issuers to help them compare their performance with other issuers and to determine whether they are meeting agency expectations. Improvements to the Issuer Operation Performance Profile (IOPP) tool also would increase scoring transparency and make reports clearer and easier to understand, the agency said. The IOPP was introduced...

VantageScore is gaining traction as an alternative to FICO credit scores in consumer lending and structured finance, according to a study by DBRS. Introduced in 2006 as a joint venture among three national credit bureaus – TransUnion, Experian and Equifax – VantageScore was first used in securitization transactions backed by student-loan refinancings. Its transition to consumer loans and structured finance demonstrates industry acceptance as an alternative to the widely used FICO scores, DBRS pointed out. The study compares...

Larry Charbonneau, who conducts warehouse lending reviews for commercial banks, said usage rates are definitely improving this spring.

Roughly 10.8 percent of the mortgages were sourced through the Federal Home Loan Banks’ Mortgage Partnership Finance program.

In the first quarter, PennyMac ranked fourth among all home lenders, trailing Wells Fargo, Chase Home Finance and Quicken, according to a ranking from Inside Mortgage Finance.

Purchase-mortgage lending saw a big drop in volume during the first quarter of 2017, but indicators suggest that the sector has been rebounding in recent months and will post a solid gain by the time the year is over. An estimated $205.0 billion of purchase mortgages were originated in the first quarter, a sizable 19.6 percent decline from the previous period. But with an even bigger 44.6 percent slump in refinance lending, purchase mortgages accounted for over half (53.2 percent) of total first-lien originations in the first three months of the year. It was...[Includes three data tables]

AIG buys jumbos servicing-released with Cenlar acting as the subservicer.

“Even with optimal outcomes agreed by all parties in a typical three- to five-year contract, public and private company CEOs find themselves constantly under the ‘results’ microscope," said consultant Paul Hindman.

Walter’s reverse business posted a pre-tax loss of $5.3 million in the first quarter but took in total revenue of $22.5 million.