Subprime Servicing

Browse articles from all of our Newsletters related to Subprime Servicing.

December 8, 2017 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


December 8, 2017 - Inside Nonconforming Markets

News Briefs

The nonprime mortgage-backed security closed by Angel Oak Capital Advisors at the end of November was oversubscribed, according to Lauren Hedvat, director of capital markets at the firm. The $210.2 million AOMT 2017-3 was backed by mortgages originated by Angel Oak Mortgage Solutions, Angel Oak Home Loans and Angel Oak Prime Bridge. Non-qualified mortgages accounted for 83.9 percent of the dollar volume in the MBS. Angel Oak said it’s ... [Includes two briefs]


December 8, 2017 - Inside Nonconforming Markets

Subprime Delinquency Rate Jumps in 3Q17

Delinquency rates on subprime mortgages increased in the third quarter after showing strong improvement earlier in the year. As of the end of September, the subprime delinquency rate was 18.61 percent, according to Black Knight. The rate increased from 16.80 percent in June. As with overall mortgage performance, hurricanes had an impact on subprime delinquencies. And while delinquencies increased, they’re below the 19.03 percent level at ... [Includes one data chart]


November 24, 2017 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


November 24, 2017 - Inside Nonconforming Markets

News Briefs

Underwriting standards for subprime mortgages tightened somewhat in the third quarter, according to a survey by the Federal Reserve. One of the four banks surveyed by the Fed reported tightening underwriting standards for subprime mortgages in the third quarter while standards at the other three banks were unchanged compared with the previous quarter. The bankruptcy of the parent company of Ditech Financial is unlikely to have an impact on ... [Includes two briefs]


November 10, 2017 - Inside Nonconforming Markets

Average Jumbo Mortgage Interest Rates and Mortgage Performance

A page of jumbo data and the performance of non-agency mortgage-backed securities.


November 10, 2017 - Inside Nonconforming Markets

News Briefs

The Structured Finance Industry Group this week unveiled key performance indicators for deal agents to track in new non-agency mortgage-backed securities. The proposed standards detail 150 measurements for deal agents to monitor. Ocwen Financial reported a net loss of $6.14 million for the third quarter of 2017. The loss would have been worse if not for a one-time tax benefit of $23.2 million related to the release of previously established reserves ... [Includes three briefs]


Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

vote to see results