The Largest MSR Deal in Years: PHH Agrees to Sell $72 Billion of Bulk Product to REIT ‘New Rez’ December 29, 2016 Paul Muolo PHH said it will subservice the loans for New Residential "for an initial period of three years, subject to certain termination provisions."Read More
Bayview Issues $226.4 Million Non-Agency MBS Backed by Seasoned ‘Daily Simple Interest’ Mortgages December 29, 2016 Brandon Ivey The new MBS is backed by 4,274 mortgages that have seasoned for an average of 10.6 years.Read More
FHFA IG Notes Lack of Transparency in CSP Costs December 28, 2016 Carisa Chappell Instead, the FHFA only disclosed specific CSP cost data once – in a September 2015 status report…Read More
Is it the End of an Era for GSE Loan Buybacks? December 27, 2016 John Bancroft Excluding legacy-related buybacks, total GSE seller repurchases would have been down 9.9 percent…Read More
DB and Credit Suisse Settle Legacy MBS Cases with DOJ; Barclays Faces New Lawsuit December 27, 2016 Brandon Ivey Subprime MBS cases continue to haunt Wall Street…Read More
Treasury Department Officials: Obama Supports ‘Explicit’ Guaranty on a ‘Defined Class’ of MBS December 27, 2016 Carisa Chappell and Paul Muolo Some GSE observers believe an “implicit” guaranty is the same thing as an “explicit” one…Read More
CBO Says Fannie and Freddie Should Raise G-Fees December 22, 2016 Carisa Chappell Reducing subsidies also would help renew private sector participation in the secondary market, the Congressional Budget Office believes…Read More
Freddie Issues its First CRT Securitization Backed by Seasoned Mortgages December 22, 2016 Brandon Ivey The mortgages in the CRT deal have seasoned for an average of 10 years and are serviced by Select Portfolio Servicing.Read More
Fitch Ranked Tops in Rating Non-Mortgage ABS During First Nine Months of 2016 December 22, 2016 John Bancroft Fitch had a 55.3 percent share of the ABS ratings market through September...Read More
AMC Dominates Third-Party Due Diligence Completed on Non-Agency MBS December 20, 2016 Brandon Ivey Fitch said AMC’s market share of due diligence on non-agency MBS was boosted by the acquisition of JCIII & Associates a year ago.Read More
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