FHFA Director Mark Calabria has vowed not to monkey with the 30-year FRM or lower loan limits in high-cost states like California. Still, certain stakeholders worry he may try to adjust other areas of businesses.
So, you thought it was safe to re-enter the Ginnie Mae market? Maybe, maybe not. VA loan churning could be an issue again and federal investigators are asking questions about underwriting practices and delinquencies. Subpoenas have been issued.
Ginnie Mae has completed liquidity talks with its 14 largest nonbank issuers, but has yet to say what transpired during the meetings. But all that could change when the agency hosts its annual summit in June.
Nonbank servicers are increasingly moving toward a capital-light strategy, suggesting steady demand for MSR and servicing-advance financing. The investor base for such deals is strong and growing.
Mortgage-investing real estate investment trust New Residential Investment Corp., New York, informed the ailing Ditech Financial that it plans to terminate its roughly $83.7 billion subservicing contract.
Analysts and investors are keeping a close eye on New Residential Investment Corp. these days, not because of bond market and interest rate fluctuations but because of its close ties to ailing Ditech Financial.
RSS