Hatteras Preparing to Issue its First Jumbo MBS; REIT Has Been Acquiring ARMs November 20, 2015 Brandon Ivey Moreover, during the quarter, the REIT joined the Federal Home Loan Bank of Atlanta.Read More
Implementation of TRID Requirements Doesn’t Appear to Have Had a Significant Impact on Closing Times November 19, 2015 Brandon Ivey Some realtors who have closed sales subject to TRID said the process went smoothly while others reported extended potential closing timelines...Read More
Ocwen Looks Beyond Acquisitions of MSR Assets November 18, 2015 Brandon Ivey In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...Read More
Fitch Downgrades Residential Credit Solutions’ Servicer Ratings, Citing Regulatory Issues November 18, 2015 Brandon Ivey A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business. Read More
Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive November 18, 2015 Paul Muolo and Brandon Ivey Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.Read More
New Rez Will Issue $520 Million Non-Agency MBS Backed By 12-Year-Old Alt A Loans November 17, 2015 Brandon Ivey A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.Read More
On the Rise: Nonprime, Non-QM Loan Volumes November 16, 2015 Brandon Ivey Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.Read More
Short Takes: Private MIs Want Higher FHA Capital Standards / Ocwen Sells Short-Term Paper / CoreLogic Updates Risk Model on Jumbos / Due Diligence Providers Added / Correction November 16, 2015 Paul Muolo and Brandon Ivey Some believe the FHA MMIF minimum capital standard should be 4.5 percent, not 2.0 percent. Read More
Bank Demand for Jumbos Expected to Continue November 16, 2015 Brandon Ivey Jumbo mortgages have provided commercial banks and thrifts with good profits margins. Of course, it helps that deposit rates are almost non-existent.Read More
Freddie Mac’s Planned Whole Loan Securities Transaction Receives Rating November 13, 2015 Brandon Ivey The loans to be included in the deal are similar to the types of mortgages that have been included in jumbo MBS issued in recent years.Read More