S&P Strikes Back on MBS Case, Calls Governments 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.Read More
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.Read More
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. Read More
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. Read More
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.Read More
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. Read More
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.Read More
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. Read More
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.Read More
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.Read More