Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
Figure Readies MBS Backed by Nonbank-Originated HELOCs March 29, 2023 Brandon Ivey It's the first HELOC securitization from Figure to receive a credit rating.Read More
MBA Raises Concerns About SEC Proposal on Securitization March 28, 2023 Brandon Ivey The Dodd-Frank Act directed the SEC to write a rule addressing conflicts of interest in securitization.Read More
JPM Stocks DSCR Loans in Non-Agency MBS March 27, 2023 Brandon Ivey It's the second DSCR non-agency MBS from Chase, following a deal issued in November.Read More
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
Impac’s Production Shrivels Ahead of Business-Model Shift March 17, 2023 Brandon Ivey Few originations and limited warehouse capacity as Impac shifts into providing leads to mortgage brokers.Read More
Surprise: FHFA Delays Implementation of DTI Fees March 16, 2023 Dennis Hollier The move by Thompson gives seller-servicers more time to prepare...Read More
Parent of Sterling Bank Pleads Guilty to Charge Involving Non-QMs March 16, 2023 Brandon Ivey Sterling remains under investigation by the SEC but bank management doesn't believe it will result in an enforcement action...Read More
loanDepot Discloses Large Cash Transfer Out of ‘Bridge Bank’ Signature March 15, 2023 Paul Muolo Signature, which had crypto clients, was co-founded and chaired by Scott Shay, a former partner of MBS co-inventor Lewis Ranieri.Read More
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