Sterling Bank and Trust, Citadel Servicing Top Contributors to Oaktree MBS March 12, 2019 Brandon Ivey Sterling will account for 58% of the loans in the MBS, Citadel 23%...Read More
New Residential Readies Second Non-QM MBS of the Quarter March 11, 2019 Brandon Ivey A number of firms regularly issue one non-QM deal per quarter. Two transactions is less common...Read More
New Issuer Set to Enter Non-QM MBS Market: Oaktree Funding March 8, 2019 Brandon Ivey The planned Bunker Hill Loan Depository Trust 2019-1 from Oaktree Funding will be stocked with non-QMs along with business-purpose mortgages.Read More
Moody’s Raises Concerns About Disclosures of Jumbo MBS Rep/Warrant Breaches March 7, 2019 Brandon Ivey Issuers of prime jumbo mortgage-backed securities aren’t doing a good enough job of providing details of potential rep-and-warrant breaches …Read More
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 ...Read More
Expanded-Credit Production Spikes 20% in 2018 March 4, 2019 Brandon Ivey Angel Oak and Citadel Servicing Corp. both turned in banner years...Read More
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…Read More
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...Read More
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…Read More
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…Read More
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