Not a Done Deal: Changing the Definition of ‘Past Due’ on Mortgages January 5, 2018 Brandon Ivey Regulators are set to announce that the past-due change is being delayed – and reconsidered…Read More
Gundlach’s DoubleLine Ready to Take the Nonprime Plunge? January 5, 2018 Brandon Ivey Officials at DoubleLine wouldn’t comment…Read More
Redwood Set to Issue First Prime Jumbo MBS Deal of the Year January 4, 2018 Brandon Ivey Clayton reviewed 481 mortgages that are slated for securitization…Read More
Prime Non-Agency MBS Could Boom This Year January 3, 2018 Brandon Ivey Although a final tally has yet to be issued, volume for the year could total nearly $9.3 billion…Read More
New Wholesale Non-QM Lender Altloan Promises to be a ‘Disruptor’ January 2, 2018 Brandon Ivey Looks like Angel Oak, Caliber and Citadel Servicing Corp. are about to get some competition in the non-QM sector…Read More
The Story (So Far) on Non-QM MBS: Few Losses, Some Delinquencies; Investors Pleased… December 29, 2017 Brandon Ivey A $150.4 million deal from Angel Oak Capital Advisors issued in December 2015 had a cumulative net loss of just 0.02 percent…Read More
A Gain for Correspondents in Jumbo Market Share December 29, 2017 Brandon Ivey Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…Read More
Want to Buy Mortgage Servicing Rights? You’d Better Have a License December 29, 2017 Brandon Ivey “If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…Read More
The Ocwen Legal Settlement Tally: 25 Down, Five to Go December 28, 2017 Brandon Ivey Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…Read More
Banks Continue to Add Home Mortgages to Portfolio December 28, 2017 Brandon Ivey JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…Read More