Redwood Set to Issue First Prime Jumbo MBS Deal of the Year January 4, 2018 Brandon Ivey Clayton reviewed 481 mortgages that are slated for securitization…Read More
Incenter Out with Another MSR Offering, This One for $3 Billion January 4, 2018 Paul Muolo The delinquency rate on the MSR portfolio is 1.02 percent...Read More
Angel Oak Raises Almost $300 Million for Non-QM Investments January 4, 2018 Paul Muolo Angel Oak has securitized $850 million of non-QM loans since 2015.Read More
Short Takes: Senate GSE Bill Due Out This Month? / But Will it Pass? / The Unstoppable LendingTree / Mortgages and the Weed Trade? / Hamilton Hires Former Wells-JPM-Freddie Exec to be CEO January 4, 2018 Paul Muolo When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...Read More
Prime Non-Agency MBS Could Boom This Year January 3, 2018 Brandon Ivey Although a final tally has yet to be issued, volume for the year could total nearly $9.3 billion…Read More
FHA Nominee Montgomery Has to Resubmit Financials. A March Seating? January 3, 2018 Paul Muolo Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…Read More
Notwithstanding Efforts to Resolve FCA Issue, Lenders Remain at Risk January 3, 2018 George Brooks Aggressive FCA enforcement and steep settlement amounts have caused some banks to exit from the FHA market.Read More
IMA Launches First MSR Auction of the New Year January 3, 2018 Paul Muolo The seller will consider separate bids on the conventional and government portions…Read More
PHH Will Pay $45 Million to Settle State Servicing Allegations January 3, 2018 Paul Muolo PHH Mortgage is in the process of transforming into a subservicing specialist. Read More
Short Takes: Morgan Stanley and PHH? / Share Price? / Subservicing Rules the Roost / Embrace Hires Legal Affairs Chief / A Name Change for Mortgage Lending Services January 3, 2018 Paul Muolo At Sept. 30, 2017, PHH had a total servicing portfolio (including subservicing contracts) of $162.7 billion...Read More
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