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Bank ABS Portfolios Continued to Shrink in 2016…

March 9, 2017
John Bancroft
Commercial banks and thrifts reported a combined $123.8 billion of ABS on their balance sheets at the end of last year, a 3.7 percent drop from the third quarter…
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Proliferation of E-Mortgages Should Boost RMBS Quality

March 8, 2017
Thomas Ressler
Still, lenders and servicers that fail to comply with the established legal framework run the risk of an unenforceable e-note…
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Fairholme Case Update: Judge Orders Government to Review and Hand Over Non-Privileged Documents

March 8, 2017
Carisa Chappell
Since Fairholme filed its “takings” case the government, Uncle Sam has turned over 48,000 documents totaling more than 500,000 pages.
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A Booming Market for USDA Mortgages

March 8, 2017
George Brooks
The Guaranteed Rural Housing Loan initiative is the largest of the USDA’s single-family housing programs.
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Still Anemic: Investor Interest in Ginnie Mae Servicing Rights (Flow Deals)

March 8, 2017
Paul Muolo
According to one advisor: “I do think a thaw is on, but if you threw it on the grill, it would still be pretty tough because it’s not fully defrosted.”
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Short Takes: What Higher Rates Might Mean / And the Refi King of Mortgage Banking is… / There’s Still a Disturbance in the (Mortgage) Force, Only Less So / Vertical Looking to Buy / Better Mortgage’s First Year

March 8, 2017
Paul Muolo
Fannie and Freddie are still worth less than social media darling Snap, but the gap is narrowing...
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Agencies Nipped More Jumbo Share in 2016

March 8, 2017
John Bancroft
The agency share of total jumbo production reached its highest level in 2009 and 2010, immediately after “emergency” high-cost loan limits were put in place…
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Good News for Jumbo MBS Issuers: Investor Demand Doubles (Roughly)

March 7, 2017
Brandon Ivey
JPMorgan said 50 investors bought into the bank’s latest jumbo MBS. Typically, 20 to 30 buyers line up…
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Jumbo Servicers Post Modest Gains in 2016

March 7, 2017
Brandon Ivey
Among the top 30, LoanCare had the largest increase to its jumbo servicing portfolio…
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In the Trump Administration, DOJ Doesn’t Have the CFPB’s Back in the PHH Case; Uncle Sam Leans Toward PHH

March 7, 2017
Thomas Ressler
Attorney Barbara Mishkin notes: “…the amicus brief to be filed by the U.S. can be expected to support PHH’s position that the CFPB’s single-director-removable-only-for-cause structure is unconstitutional.”
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