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Wells Fargo’s Withholding of Funds from Non-Agency MBS Investors Prompts Action from Rating Services

July 13, 2017
Brandon Ivey
The deals are the subject of a lawsuit filed by MBS investors alleging that Wells Fargo failed to perform its duties as trustee...
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FHFA Reaches $5.50 Billion Settlement with Royal Bank of Scotland

July 12, 2017
Carisa Chappell
RBS will pay approximately $4.53 billion to Freddie and approximately $975 million to Fannie.
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Short Takes: Apps Decline / Wells Prevails in Cincinnati Lawsuit / Delinquency Trends / New Single-Family Rental Security

July 12, 2017
Brandon Ivey
Mortgage applications last week were down 7.4 percent compared with the previous week, according to the Mortgage Bankers Association...
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Prime Non-Agency MBS Issuance Tumbles a Bit in 2Q17; JPM Leads the Market

July 11, 2017
Brandon Ivey
Some 15.2 percent of the mortgages in Chase’s second-quarter MBS were eligible for sale to the government-sponsored enterprises.
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Flagstar Gets Rated, a Sign that it May Become More Involved in Jumbo MBS?

July 11, 2017
Brandon Ivey
Jumbos accounted for 5.6 percent of Flagstar’s residential originations during the period…
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HUD Mortgagee Review Board Suspends PA Lender Seckel Capital

July 11, 2017
Paul Muolo
As IMFnews went to press, Seckel was said to be in a meeting and could not be reached for comment.
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CFPB Issues Final Rule to Ban Mandatory Arbitration in Consumer Financial Contracts

July 11, 2017
Thomas Ressler
However, Congress has already prohibited arbitration agreements in the largest market the agency oversees: residential mortgages.
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Short Takes: It’s Alive Again (Well, Sort Of) / Sindeo’s Roots / The Mortgage Tech Race / Happy Anniversary Fannie and Freddie (Soon) / New Hires for mREIT Giant Annaly

July 11, 2017
Paul Muolo
There's a race on to see who will be the first to deliver a best-in-class lending automation product that the consumer trusts, said consultant Paul Hindman...
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Mortgage REIT Annaly Agrees to Sell MSR Unit Pingora to Bayview. No Servicing Rights Change Hands

July 11, 2017
Paul Muolo
In the SEC filing, Annaly reveals that it owns servicing assets through an “ongoing joint venture with a leading sovereign wealth fund.” The SWF was not identified…
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Latest Non-QM MBS from Angel Oak Sees Strongest Pricing Yet

July 11, 2017
Brandon Ivey
Since 2015 Angel Oak has issued four MBS totaling $639.92 million…
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Latest Imf News

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Featured Data

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Featured Reports

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