FirstKey, Blackstone Racing to Issue First Multi-Borrower Single-Family Rental Security April 1, 2015 Brandon Ivey Some 16 single-borrower SFR rental deals have been issued since the market came to life in November 2013. Read More
MIAC and The Prestwick Group Offering New Flow and Bulk MSR Deals April 1, 2015 Paul Muolo The Prestwick Group is selling a Fannie/Freddie $167 million bulk deal with a monthly flow component of $15 million to $20 million.Read More
Lenders Feel Good About Loan Production This Year, Well Sort Of April 1, 2015 Paul Muolo According to a March forecast, Fannie Mae estimates that $1.239 trillion of residential loans will be funded this year.Read More
RoundPoint Will Keep Buying Servicing on a Flow Basis; As for the Sale… April 1, 2015 Paul Muolo An outside public relations representative for RoundPoint said the company does not comment on M&A rumors.Read More
Short Takes: A Record Production Month for One Lender / Another LLPA Change From Fannie Mae / Trouble for Altisource Residential? / Auction.com Updates Forecast / Former Fannie Chief Mudd Appears in Court April 1, 2015 Paul Muolo Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...Read More
High Credit Score Mortgages Continue to Dominate GSE Lending March 31, 2015 John Bancroft Mid-range credit scores – from 700 to 739 – accounted for 21.3 percent of Fannie and Freddie business last year.Read More
Of All the Ocwen Affiliates, Altisource Hit the Hardest March 31, 2015 Paul Muolo To understand the plight of the publicly traded REO vendor, you first have to understand where it came from...Read More
ICBA Asks CFPB for ATR ‘Safe Harbor’ for Community Banks March 31, 2015 Thomas Ressler ICBA also suggested extending QM exceptions to more community banks by raising the threshold number of loans small lenders can originate each year. Read More
Short Takes: Looser Credit, for Real? / When in Doubt, Sell Whole Loans / How Did 1Q15 Shape Up? / Nationstar Provides More Details on Stock Sale / First Key's New SFR Deal March 31, 2015 Paul Muolo Reliance recently was approved for credit by a Wall Street wholesale lender that does 10 percent down, no-mortgage insurance loans...Read More
Certain Cities See Nice Recovery in Home Values, But Maybe Too Much March 31, 2015 Carisa Chappell In some cities, future price gains may be hard to come by, especially if home flippers and investors bolt.Read More