Non-agency forbearance increases; personnel moves at Deephaven, Wells Fargo and Quontic; new non-agency MBS; a jumbo mortgage symposium; PCMA loosens standards for jumbo product.
Morningstar argues it can use undisclosed loan-specific stress adjustments for subjective reasons, including to bring the rating for a commercial MBS in line with expectations based on similar deals.
Industry participants suggest that technology and communication can help the closing process run smoothly. Hybrid closings have cut the time a borrower spends with a notary from 45 minutes to 15 minutes.