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Inside Mortgage Trends
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First-Time Homebuyers Faced with Higher Price-to-Income Ratio than Buyers in Previous Decades

August 18, 2015
Brandon Ivey
Increases in home prices have outpaced growth in income for first-time homebuyers, according to an analysis by Zillow.
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Consumer Advocates Tout Ability to Get Loan Modifications for Borrowers that Have Been Denied in HAMP

August 18, 2015
Brandon Ivey
The Nonprofit Alliance of Consumer Advocates focuses on helping borrowers that have mortgages owned by a servicer subject to the $25 billion national servicing settlement.
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Invesco Turns Profit in Second Quarter, Increases Holdings of Agency Adjustable-Rate Mortgages

August 18, 2015
Brandon Ivey

Short Takes: Re-Insurance Risk-Sharing Deal / New York Foreclosure Process / Non-QM Underwriting Guidelines / New Lender Enters Market

August 18, 2015
Brandon Ivey
Credit Insurance Risk Transfer 2015-2 covers an $8.1 billion pool of mortgages with a maximum coverage of approximately $202.5 million provided by re-insurers.
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U.S. Timeshare Delinquencies at Lowest Level in Eight Years

August 14, 2015
Thomas Ressler
Timeshare collateral has displayed consistent year-over-year improvement since 2012.
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2Q Profit Tally: Servicing Rebounded From Rough 1Q, But Production Margins Fell

August 14, 2015
John Bancroft
Although all 13 firms reported positive earnings on their origination and sales activity, many noted that production-related revenue did not keep pace...
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Value of REIT MBS Holdings Continues to Slip

August 14, 2015
John Bancroft
It was the group’s lowest MBS portfolio valuation since the fourth quarter of 2011.
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Appeals Court Revives FDIC Lawsuits v. MBS Issuers; NY Judge Nixes GE’s Motion for Summary Judgment

August 14, 2015
A federal appeals court in New Orleans has overturned a 2014 district court ruling, reviving two government MBS lawsuits that were initially dismissed because they were filed past the state’s established time limit. The Federal Deposit Insurance Corp.’s separate lawsuits against RBS Securities Inc., on one hand, and against Deutsche Bank and Goldman Sachs, were both filed on Aug. 17, 2012. The complaints alleged that the banks misled investors about the credit quality of the mortgage loans that backed $840 million in non-agency MBS. The district court’s decision to dismiss, however, turned on...
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Piggyback Seconds Making a Comeback with a Focus on Jumbos

August 14, 2015
Carisa Chappell
MGIC recently pointed to lenders using piggyback structures to avoid PMI as a potential headwind to future earnings...
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The NPL Auctions Keep Coming at Freddie Mac; A New One for $1.2 Billion

August 14, 2015
Paul Muolo
The cover bids on some past Freddie NPL pools have been in the mid-70s to low 80s (on the dollar) as a percentage of the unpaid principal balance.
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