loanDepot, Greentree Mortgage Turn to Warehouse Securitizations May 18, 2016 Brandon Ivey But Moody’s acknowledged that mortgage warehouse securitizations can be operationally complex.Read More
After Nonbanks Suffer MSR Hits, Kroll Questions Utility of GAAP Accounting May 17, 2016 Brandon Ivey KBRA noted that most nonbanks with large holdings of MSRs don’t hedge large swaths of their portfolios…Read More
Subprime Servicing Drops, Regulatory Issues Do Not May 16, 2016 Brandon Ivey Ocwen Financial continues to rule the roost in terms of subprime servicing…Read More
Uncertainty Remains on Capital Requirements for Nonbank Servicers May 13, 2016 Brandon Ivey Accelerated growth through the acquisition of mortgage servicing rights is an undertaking that remains challenging to the industry, said the MMC…Read More
Investor Demand for Jumbos Remains Strong. But Don’t Expect the Loans to Wind Up in MBS May 13, 2016 Brandon Ivey Over the past five years, the issuance market for securitization has fluctuated between feast and famine, noted one executive…Read More
Altisource Goes from Challenging ‘Myths’ by ‘Self-Serving’ Activist Investors to Agreeing to Add Directors May 12, 2016 Brandon Ivey Analysts at PiperJaffray said the agreement “removes the near-term risk of Altisource being liquidated.”Read More
EverBank Slows Jumbo Correspondent Lending May 12, 2016 Brandon Ivey EverBank sold jumbos with an unpaid principal balance of $981.3 million, up 60.4 percent from the previous quarter. Read More
Short Takes: Banks Aren’t Touching Subprime / Bad News for Specialty Servicers: Delinquencies Stay Low / A Multiyear Low for FHA Late Payments / Time to Dream of an FHA Premium Cut? / Mortgage Broker Falls Short in House Bid May 12, 2016 Paul Muolo and Brandon Ivey Perhaps, the time is drawing near to once again raise the thorny issue of whether the Department of Housing and Urban Development should cut FHA premiums... Read More
Five Oaks Takes $17.8 Million Loss in 1Q16, Sees Opportunities with Risk Retention May 11, 2016 Brandon Ivey The market did not react kindly to Five Oaks' earnings news. At one point in trading, its share price was down 13 percent on the day.Read More
Clayton Assessed as First Deal Agent for Non-Agency MBS May 10, 2016 Brandon Ivey Even with the assessment of Clayton, the functions that a deal agent complete remain nebulous.Read More