Google+
  • Ocwen16.01-5.89 -26.89%
  • Zillow107.89-1.01 -0.93%
  • Trulia46.47-0.61 -1.30%
  • NationStar28.22-3.80 -11.87%
  • CoreLogic31.90+0.32 +1.01%
  • RE/MAX34.59+0.35 +1.02%
  • Fannie Mae2.19-0.07 -3.10%
  • Freddie Mac2.15-0.07 -3.15%
  • Wells Fargo54.97+0.52 +0.96%
  • CitiMortgage53.96-0.05 -0.09%
  • Bank of America17.71+0.09 +0.51%
  • Fidelity National Financial33.74-0.04 -0.12%
  • First American33.24+0.15 +0.45%
  • AUDUSD=X0.8128N/A N/A
  • USDJPY=X120.125N/A N/A
  • WP Stock Ticker
Home | Tag Archives: Jumbo Loans

Tag Archives: Jumbo Loans

Commentary: What’s in Store for Housing in 2014, Part 2

DSN-DS

Despite recent gains, which some of us believe are more of a mirage than an oasis, the economy still isn't creating enough good-paying full-time jobs to drive a full recovery in the housing market. At the same time, stricter lending requirements--and a lending environment likely to get more challenging before it gets easier--are the other major headwinds that could slow down housing.

Read More »

Report: Servicers Decrease Loans in Shadow Inventory in Q3

As servicers rise out of the paralysis caused by regulatory issues, they are able to take necessary steps to clear out aging loans in shadow inventory, according to a report from Moody's Investors Service. In the report, Moody's revealed the number of loans in foreclosure shadow inventory, or loans in the process of foreclosure but with no resolution, decreased from Q2 to Q3, with the exception of jumbo loans from Citi and subprime loans from Bank of America.

Read More »

Fitch: QM Rule to Benefit Jumbo Prime Market

Now that the industry has its long-awaited ""qualified mortgage"" (QM) definition, Fitch Ratings believes jumbo prime securities are poised to see a jump start. While many analysts anticipate a kick start in lending and securitization now that the rules are clear, Fitch asserts most of the underwriting guidelines suggested have already been put into practice since the financial crisis. However, the ratings agency sees the QM definition as a boon for the jumbo prime market.

Read More »

Subprime Servicers Improve Cash Flow in Q2: Report

Overall, major subprime servicers improved their ability to limit losses on delinquent loans in the second quarter, according to the Servicer Dashboard report from Moody's Investors Service. Moody's uses a cash flow efficiency metric to measure how much cash a servicer collects relative to losses. The report revealed that the cash flow efficiency metric increased for subprime servicers, rising from 0.27 in Q1 to 0.29 in Q2, the highest level obtained over the past five quarters.

Read More »

Loan Modifications Are on the Decline: Moody’s

As robo-signing reviews reach completion, servicers are beginning to work through some of their foreclosure backlogs, according to a third-quarter report from Moody's Investors Service. At the same time, the ratings agency found that loan modifications are on the decline. Servicers are now turning to loss mitigation alternatives such as short sales and deeds in lieu, Moody's says. The agency is also forecasting longer timelines this year to move properties from foreclosure sale to REO liquidation.

Read More »

Default Risk Growing Among Jumbo Borrowers, Stabilizing for Subprime

Private investors in residential mortgage-backed securities (RMBS) comprised of jumbo mortgage loans are dealing with a greater risk of strategic defaults, according to Moody's Investors Service. The company's analysts base this assumption on the fact that jumbo RMBS have large populations of current borrowers with high loan-to-value (LTV) ratios. In contrast, the subprime sector faces the lowest potential for future performance deterioration because its weaker borrowers are already delinquent or have defaulted.

Read More »

Moody’s: Citi, GMAC, Ocwen Perform Well

Amid a challenging environment for servicers, CitiMortgage, GMAC, and Ocwen have outperformed major competitors with regards to loss mitigation and foreclosure timelines, according to a recent report from Moody's Investors Service. The company's Servicer Dashboard rates major servicers on their performance from June 2010 to June 2011. Moody's notes that Bank of America's and Chase's performance assessments were affected by large servicing acquisitions and foreclosure moratoria.

Read More »

Congressman Suggests Extension of Conforming Loan Limit

Congressman Gary Ackerman of New York has sent a letter to House Appropriators urging them to extend the temporarily increased conforming loan limit that will otherwise expire October 1. Ackerman was joined by 36 members of Congress in his request. He suggested the conforming loan limit extension be built into the continuing resolution that will keep the federal government functioning when the new fiscal year begins next month. Private investors, though, are advocating for the loan limit increase to expire.

Read More »
Scroll To Top