Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
Short Takes: FHFA Publishes Historical VantageScore Data / ‘Sweet Spot’ for Homebuyers / Low DSCR Offering From A&D / MFA Offers RPL MBS July 12, 2024 Brandon Ivey The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.Read More
Short Takes: Treasury Hosts Title Insurance Meeting / HELOC Securitization From Figure / Inflation Declines / Foreclosure Activity Slows July 11, 2024 Brandon Ivey The meeting will help the Treasury’s Federal Insurance Office as it considers policy options on title insurance.Read More
Investor Borrowers Pose Some Challenges for Servicers July 10, 2024 James Dohnert Investors act differently than owner-occupants in terms of servicing-related decisions.Read More
SFA Sees Non-Agency Threat in Freddie’s CES Pilot July 9, 2024 James Dohnert The non-agency securitization market for closed-end seconds has grown substantially in the past year as lenders look to expand their product offerings with refinance business limited.Read More
Short Takes: FHLBank of Chicago Accepts VantageScore / The Reason for Rate’s Rebrand / New Scratch-and-Dent MBS July 9, 2024 Brandon Ivey Members of the FHLBank of Chicago can pledge collateral to the bank with VantageScore credit scores rather than the traditional FICO score.Read More
Non-Agency Securitization Marks a Gain. However… July 8, 2024 James Dohnert JPMorgan Chase, once again, was the top non-agency MBS issuer in the quarter...Read More
Bain Jumps Into the Fix-n-Flip Market With Acquisition July 8, 2024 Paul Muolo A few months back, Bain bought a stake in two different mortgage software companies...Read More
Short Takes: Pending Home Sales Decline / PennyMac Adds MSR Financing / New Expanded-Credit MBS / Translations of FHA Servicing Documents July 5, 2024 Brandon Ivey Pending home sales in June declined on an annual basis at a rate not seen in four months.Read More
Nonprime Servicing Portfolios Tick Up in First Quarter June 27, 2024 James Dohnert Chase was the only servicer among the top five to have its nonprime mortgage servicing portfolio shrink between the fourth and the first quarters.Read More