The commercial MBS market is facing a new challenge as questions have been raised about the “true sale” treatment of these transactions under generally accepted accounting principles. The issue arises from risk-retention requirements that went into effect in late 2016. “Failure of accounting sale treatment means the selling bank cannot book the gain and does not derecognize the underlying loans resulting in the entire portfolio of loans remaining on its balance sheet for both GAAP and presumably, for risk based capital purposes,” according to the Dechert law firm. In order to benefit from an accounting true sale, each third-party holder of a beneficial interest in the securitization must have...

Credit unions hold the servicing rights to mortgages they originated but cannot buy MSR contracts in the secondary market…

The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.

Dan Hanson, a top production manager for number-one ranked lender Wells Fargo, has jumped ship for loanDepot...

In the last 12 months the foreclosure inventory has been depleted by more than 150,000 homes, a 28 percent drop.

Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…

As a result, the closing disclosure can generally only be used to reset tolerances based on events that occur within seven days of closing…

In earlier funding rounds, Blend's backers have included businessman Peter Thiel, who co-founded PayPal...

Senate Democrats opposing the administration’s proposed cuts to HUD’s FY 2018 spending bill have reportedly placed a hold on Pantenaude’s nomination...

Publicly traded lenders that could benefit from the trend include First Republic Bank, Flagstar Bank, Nationstar Mortgage and U.S. Bank…