Disclosures to investors in post-crisis non-agency MBS regarding potential breaches of representations and warranties have been inadequate, according to Moody’s Investors Service.
The New York State Court of Appeals on Feb. 15 issued mixed rulings on two claims brought by a trustee against a seller and sponsor of three residential MBS trusts.
The overall mortgage securitization rate fell slightly in 2018, with 70.0% of home loans originated in the primary market ending up in MBS pools, according to an Inside MBS & ABS analysis. [Includes one data chart.]
Elliott Management Corp., considered one of the largest activist funds in the world, is eyeing non-qualified mortgage securitizer Deephaven Mortgage for a possible acquisition, sources familiar with the matter told Inside MBS & ABS.
There has been a significant uptick in the re-performing loan market, including whole-loan sales and securitizations (some unrated), as more borrowers move from a nonperforming to re-performing status, according to a new analysis by credit rating agency DBRS.
Multifamily lender Walker & Dunlop plans to expand its small-loan business, confident about investor demand and performance of such assets in the secondary market.
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