Wells Fargo is not expected to take new bids – at least anytime soon – on a highly delinquent $39 billion non-agency servicing portfolio that Ocwen Financial failed to buy because of all the regulatory scrutiny the nonbank is facing. However, servicing advisors who have seen some of the details on the portfolio contend that Wells may eventually try to unload the package next year, but is by no means under the gun to do so. “One thing you have to keep in mind is...

The CMBS market is well known for rating shopping, where issuers will invite up to six CRAs to conduct a preliminary review of an initial asset pool.

Fitch warned that about 25 percent of the collateral received C or D grades for material violations or lack of documentation.

The two GSEs have been in conservatorship for six-plus years now, with no legislative solution to their future in sight.

After a servicing sale closes, the GSEs must monitor each transaction to make sure the transfer of receivables took place in a timely manner and more…

The top contributor to the new jumbo MBS from FirstKey is CMG Financial with a 13.8 percent share. Cornerstone, Bank of Internet and Impac also provided product.

In 2015, the team at the GSE common securitization platform will focus on implementation of the remaining software components...

Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...

Although Wells Fargo officially exited the broker market two years ago, it apparently still does a tiny amount of business through the channel.

The senate panel is expected to ask questions on guaranty fees and the common securitization platform as well.