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SFIG Almost Done with MBS Reforms, Adoption Uncertain

March 5, 2019
Brandon Ivey
The Structured Finance Industry Group’s years-long effort to reform practices in the non-agency mortgage-backed security market is nearly complete ...
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Expanded-Credit Production Spikes 20% in 2018

March 4, 2019
Brandon Ivey
Angel Oak and Citadel Servicing Corp. both turned in banner years...
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Feds and Florida Seek to Merge Ocwen Lawsuit

March 4, 2019
Yemeng Yang
Seeking a merger of the complaints, federal and state regulators now believe their cases overlap sufficiently regarding questions of law and fact…
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Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage

March 4, 2019
Paul Muolo, Brandon Ivey, and George Brooks
More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...
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Nonbanks’ Non-QM Acquisition Strategies Differ

March 1, 2019
Brandon Ivey
MFA, on the other hand, is acquiring non-QMs from several unidentified lenders via whole loan acquisitions…
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Bank ABS Portfolios Showed a Modest Increase in 4Q18

March 1, 2019
John Bancroft
Consumer asset-backed securities, including unsecured debt consolidation loans and education financing, remained the most popular ABS category for banks…
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ATTOM: Fewer Home Flips but More Borrowed Money

February 28, 2019
Yemeng Yang
Translation: fewer loan units but a higher dollar volume.
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Angel Oak Rolls Out Fix & Flip Wholesale Option, Hires JPM Exec

February 26, 2019
Paul Muolo
To lead the effort, Angel Oak hired JPMorgan executive Will Jackson…
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Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit

February 26, 2019
Brandon Ivey and Paul Muolo
Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?
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Coming Up Roses: Nonprime MBS

February 22, 2019
Brandon Ivey
Verus first launched its acquisition program in 2015. As of the end of October, the company had purchased mortgages with an aggregate principal balance of $3 billion…
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