The revised Financial CHOICE Act from Rep. Jeb Hensarling, R-TX, would substantially limit the authority of the Consumer Financial Protection Bureau.

Risk-retention requirements for the majority of MBS and ABS sectors were in effect by the end of December, and industry participants have largely adjusted to them, according to analysts. The Dodd-Frank Act generally requires sponsors of ABS, non-agency MBS and commercial MBS to retain at least 5.0 percent of each deal. The retention requirements for residential mortgages took effect at the end of 2015, though most deals have been backed completely by qualified mortgages, which makes them exempt from risk retention. Other asset types have...

Blame the whole loan-hungry megabanks for the low mortgage securitization rate?

The bulk of the contributions for the MBS were aggregated by Invictus’ Verus Mortgage Capital affiliate. Servicing will be handled by Specialized Loan Servicing.

The two GSEs were placed in conservatorship in September 2008 by Treasury and the Federal Housing Finance Agency. At the time, their common and junior preferred shares were considered worthless.

How bad is it? Since 2010, liquidations amounting to $3.89 billion led to $2.88 billion in CMBS losses, a 74.0 percent loss severity.

It doesn’t get any better than this: Ginnie Mae production hit a record $545 billion in 2016…

A recall of the defect taxonomy would be a blow to lenders…

Spencer Stuart, headhunting firm, aided the MI in its search for a new CEO. A few months back former Freddie Mac executive Bruce Witherell was approached about the job, but passed.

Complications tied to making payments (loan servicing, payments, escrow accounts), were identified by 33 percent of consumers filing a complaint.