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Redwood Packaging Seasoned Loans into MBS

January 2, 2020
Brandon Ivey

Mortgages in the pending deal have seasoned for an average of more than four years. The collateral has no delinquencies...


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Waiting on the SEC’s Rating Services Report

January 2, 2020
Brandon Ivey

A spokesperson for the SEC noted that while the Dodd-Frank Act requires publication of the report, there is actually no deadline for when the document has to be published.


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FCI: Fintechs Increasingly Buying F&F Paper, Construction Loans

January 2, 2020
Paul Muolo

“They’re buying loans, not originating,” said Gordon Albrecht, EVP of FCI Lender Services, the nation's largest hard-money subservicer.


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Nonbank Lending Footprint Continues to Grow, Market Share Tops 58%...

January 2, 2020

Meanwhile, the fastest-growing cohort in bank retail lending were small institutions…


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In Limbo Once Again: The Genworth-China Oceanwide Deal

January 2, 2020
Brandon Ivey

In case you’re keeping track, the Genworth-China Oceanwide deal has been delayed for the 13th time…


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Yowsa: Huge Stock Gains for Fannie and Freddie (For the Year)

December 31, 2019
Paul Muolo

Based on current prices, Fannie has a current market capitalization rate of just $3.5 billion, Freddie $1.9 billion.


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CFPB Finds Problems with Credit Reporting by Mortgage Servicers

December 31, 2019
Yemeng Yang

The report focuses on supervisory findings from exams the bureau conducted in the areas of consumer reporting and furnishing of information…


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The Empire State Enacts Stricter Rules for HECMs

December 31, 2019
George Brooks

The measure comes at a time of sinking fortunes for reverse mortgage originators: HECM production totaled $8.4 billion through the first nine months of 2019, a steep 27.8% drop from the comparable period a year earlier...


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What the CCPA Means for the Mortgage Industry

December 31, 2019
Yemeng Yang

In general, the CCPA allows California residents to know and access what information businesses collect on them...


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Short Takes: Happy Old Year? / $2.0 Trillion? / Good News and Bad News / High Marks for FHFA’s Calabria / A Day Off

December 31, 2019
Paul Muolo

In 2018, first lien originations totaled $1.63 trillion. For 2020, $1.9 trillion to $2.0 trillion seems like a reasonable number. The key, as always, will be interest rates…


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