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S&P Strikes Back on MBS Case, Calls Government’s Fraud Lawsuit ‘Overreach’

April 24, 2013
Charles Wisniowski
Standard and Poor's is fighting back against the federal government in its $5 billion MBS fraud case.
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Redwood and Other Non-Agency Players Want Congressional Help to Boost Production

April 24, 2013
Brandon Ivey
The non-agency/jumbo market cannot truly revive until Congress passes laws aiding transparency and decreasing risk to potential participants.
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Short Takes: Stearns Gets Serious About Servicing / BofA Has High Delinquencies on Second Liens / FHFA Continues to Hunt for MBS Platform CEO / Akre Departs Trading Firm for Oak Circle / CFPB Frets About Pay Day Lenders

April 24, 2013
Paul Muolo and Thomas Ressler
Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.
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PennyMac Sees Correspondent Purchases Decline, Jumbo MBS Coming

April 23, 2013
Brandon Ivey
PennyMac once again posted strong earnings, but the REIT's correspondent purchases are beginning to slow somewhat.
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Prices Climbing for Jumbo Mortgages

April 23, 2013
Paul Muolo
The jumbo market is heating up, which means the price paid for whole loans is on the rise.
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NAIC Proposes Modeling Changes for Non-Agency MBS

April 22, 2013
Brandon Ivey
Modeling changes that have been proposed by insurance commissioners could increase loss forecasts and prompt sales of non-agency MBS.
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Navy Federal Continues Stellar Growth in Residential Fundings

April 22, 2013
Paul Muolo
Navy Federal, which is headquartered in one of the hottest housing markets in the nation, saw residential fundings almost double in the first quarter.
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Redwood Coming to Market with Yet Another Jumbo Deal

April 22, 2013
Brandon Ivey
When it comes to jumbo MBS deals, Redwood Trust is on a tear this year.
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Thanks to Jumbos, Non-Agency MBS Market Off to Best Start in Two Years

April 19, 2013
John Bancroft
Issuance of non-agency MBS quadrupled in the first quarter, according to new figures compiled by Inside MBS & ABS. Firms selling securities include Ocwen and Nationstar.
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MBS B-Pieces Hard to Find on New Jumbo Deals

April 19, 2013
Paul Muolo
Want to buy the subordinated tranche of a new jumbo MBS deal? Take a number and stand in line.
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