Will President Trump (if elected) tax mortgage servicers that use offshore workers?

While S&P will rate new non-agency MBS without formal guidance from the CFPB, the rating service noted that the market’s handling of TRID issues is fluid...

Blackstone continues to expand its presence in the mortgage industry on several fronts. In late January, it bought Interactive Mortgage Advisors, a Denver-based servicing advisory firm.

On the subject of delayed closings, one agent had this to say: “All of my closings are taking two to four weeks longer to close, and there has been a lot of confusion…”

Pricing on the deal was good, but investor fears rule the day.

Warehouse consultant Larry Charbonneau noted that he knows of at least two new entrants to the business.

As part of the program, the GSE will enhance loan-level disclosures for the RPLs to provide more transparency.

The delinquency rate declined by 8.4 percent in March compared with February and was down 12.4 percent on an annual basis.

“Investors are taking the conservative approach,” said the Morrison & Foerster attorney. “No one wants to be the test case. They’re all worried about what a court might say.”

Roughly $41.42 billion of non-mortgage ABS were issued in the first quarter, up 35.8 percent from the unusually low volume at the end of 2015.