Freddie Issues its First CRT Securitization Backed by Seasoned Mortgages December 22, 2016 Brandon Ivey The mortgages in the CRT deal have seasoned for an average of 10 years and are serviced by Select Portfolio Servicing.Read More
Fitch Ranked Tops in Rating Non-Mortgage ABS During First Nine Months of 2016 December 22, 2016 John Bancroft Fitch had a 55.3 percent share of the ABS ratings market through September...Read More
Short Takes: Another Nonprime Lender Gets Rated / MorVest Wraps Up GSE MSR Auction / PennyMac’s Financing Deal / A Bright Idea and Others / BB&T Names New Prez / A Short Publishing Break for IMFnews December 22, 2016 Paul Muolo Another non-agency lender has received a rating from Fitch: Angel Oak Home Loans... Read More
PHH Says Panel Got it Right, No Need to Rehear 'En Banc' in Controversial CFPB Case December 22, 2016 Thomas Ressler The U.S. Solicitor General is also expected to submit a filing to the court...Read More
OCC Warns of Credit Risk as Banks Loosen Underwriting Standards for Mortgages December 21, 2016 Brandon Ivey The OCC’s study covers 85 banks that originate first-lien mortgages…Read More
Subservicing Continues to Gain Market Share; Cenlar Maintains Dominance December 21, 2016 Paul Muolo The privately held Cenlar ended the third quarter with a subservicing market share of 25.6 percent, Inside Mortgage Finance found.Read More
CFPB Urged to Perform Risk-Based Evaluation on Private-Label Servicing December 21, 2016 George Brooks The private-label and subservicing sectors are dominated by nonbanks…Read More
Fitch Assigns Subprime Servicer Rating to Citadel. Could a ‘Rated’ Nonprime MBS Deal be Next? December 21, 2016 Brandon Ivey The company doesn’t outsource or offshore any of its servicing activities.Read More
New Home-Equity Lender Could Fund $450 Million in 2017; Seeks to Hire LOs December 21, 2016 Paul Muolo Shellpoint owns part of Spring EQ and both firms have common owners.Read More
Short Takes: NAR Warns House Speaker Ryan Not to Mess with Housing / The Ramifications of Making Changes to the Tax Code / Miami Under Water and Not in Terms of Home Equity / RPM in the Hunt? / Seniors and Home Equity December 21, 2016 Paul Muolo A new report from ATOM Data Solutions says concerns about rising sea levels “remain a rarity among most South Florida homeowners and investors"...Read More
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