SFIG Proposes Standards for ABS from Marketplace Lenders December 5, 2016 Brandon Ivey SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.Read More
Moody’s Issues Caution on ‘Bank Statement’ Mortgages December 1, 2016 Brandon Ivey More lenders are making “bank statement” loans these days, including both banks and nondepositories…Read More
Short Takes: Mnuchin Turned Down Fannie CEO Job / Lockhart and Ross / More HUD Transition Team Members Named / SFIG Releases ‘Green Paper’ / CFPB Servicing Update / New Texas Retail Chief for Gateway December 1, 2016 Brandon Ivey, Paul Muolo, and Thomas Ressler The Trump administration has added two more transition team members to HUD. Still, no word yet on whether Ben Carson wants to the secretary job...Read More
Lone Star Readies Another MBS Backed by New Nonprime Mortgages November 30, 2016 Brandon Ivey The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.Read More
FirstKey, New Rez Out with Separate Nonprime MBS Deals Backed by Seasoned Loans November 29, 2016 Brandon Ivey In the FirstKey deal, the loans have seasoned for an average of 10 years…Read More
FCC Hangs Up on MBA’s Telephone Exemption Request November 29, 2016 Brandon Ivey The MBA said the calls would generally be from servicers to borrowers, seeking to determine the reasons and nature of a delinquency…Read More
New SFIG ‘Green Paper’ Suggests Benchmark Reps & Warrants for Non-Agency MBS November 28, 2016 Brandon Ivey Current R&W disclosures are seen as particularly inadequate for deals involving non-agency mortgages from multiple lenders…Read More
AIG Is Leaving the MI Space, but It Still Likes Mortgages… November 28, 2016 Brandon Ivey The insurance conglomerate is structuring direct investments in residential and commercial mortgages and other whole loan types…Read More
Short Takes: Waiting on Doctor Carson (for HUD Secretary) / Wells Fargo Continues its Dominance in Two Channels / The Worth of GSE Common? / Watching the 10-Year / Moody’s on Primary Capital November 28, 2016 Brandon Ivey and Paul Muolo Is the 10-year bond in for a massive correction? Maybe, maybe not...Read More
Prices on Non-Distressed Properties Declined for Second Consecutive Month in October November 22, 2016 Brandon Ivey Average prices on non-distressed properties sold in October were down 1.8 percent from the September and off 4.1 percent August.Read More