The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.

Truman Capital alleged that Nationstar backed out of the transaction after realizing that the sale price for the NPLs was lower than fair market value.

One real estate agent said an unidentified lender offers preapproval letters to “anyone who walks in.”

The 90+ day delinquency rate on second liens was 0.27 percent at December 31, just about flat compared with the previous quarter.

Tomkinson plans to increase CashCall’s licensing by an additional 30 states within 60 days.

Some 16 single-borrower SFR rental deals have been issued since the market came to life in November 2013.

Loan modification tactics varied based on whether a mortgage was serviced for Fannie/Freddie or was non-agency in nature.

So, how come Freddie has conducted a handful of NPL sales thus far and Fannie Mae has not?

During 4Q14 Javelin Mortgage Investment sold all of its holdings of prime, fixed-rate, senior bonds from new-issue jumbo MBS – $119.6 million of non-agency product in total.