Google+
  • Ocwen6.10+0.33 +5.72%
  • Zillow97.85-0.46 -0.47%
  • Trulia43.07-0.12 -0.28%
  • NationStar25.65-0.05 -0.19%
  • CoreLogic33.01-0.20 -0.60%
  • RE/MAX33.17-0.77 -2.27%
  • Fannie Mae2.26-0.01 -0.44%
  • Freddie Mac2.14-0.01 -0.47%
  • Wells Fargo52.37-0.39 -0.74%
  • CitiMortgage47.16-0.46 -0.97%
  • Bank of America15.18-0.25 -1.62%
  • Fidelity National Financial35.60-0.02 -0.06%
  • First American34.42-0.24 -0.69%
  • AUDUSD=X0.7752N/A N/A
  • USDJPY=X117.638N/A N/A
  • WP Stock Ticker
Home | Tag Archives: RMBS

Tag Archives: RMBS

Ocwen Responds to Allegations, Accuses Investors of Pushing Homeowners to Foreclosure

commercial-falling-money

Atlanta-based mortgage servicer Ocwen Financial has responded to a Notice of Nonperformance filed on Friday by law firm Gibbs & Bruns on behalf of investors BNY Mellon, Citibank, Deutsche Bank, HSBC, US Bank, and Wells Fargo. Monday, Ocwen attorney Richard A. Jacobsen responded to the allegations with the following statement: "Ocwen continues to be committed to meeting all of its servicing obligations in accordance with its contractual arrangements in the over 2,500 Trusts that it services, and in full cooperation and compliance with its industry regulators. Your clients, on the other hand, are asking Ocwen to turn its back on the Trusts as a whole, on the borrowers, and on public policy. Ocwen declines to do so and reserves all its rights and remedies."

Read More »

Credit Rating Agency Updates RMBS Default Model

past-due-mortgage-three

New York-based credit rater Kroll Bond Rating Agency (KBRA) has updated its residential mortgage default and loss model, incorporating a new methodology that projects loan-by-loan default, loss, and prepayment on residential loans in order to track non-agency residential mortgage-backed securities (RMBS), KBRA announced. The new methodology uses revisions that reflect additional data analysis and evolving origination trends, and is an update to KBRA's RMBS model methodology originally released three years ago in January 2012.

Read More »

Report: Mortgage Regulations Have Had Positive Impact on RMBS Sector

regulations

While the onslaught of new mortgage regulations in the last year has created headaches for lenders, it's had a clear positive impact in one area, Fitch Ratings says in a new report: the residential mortgage-backed securities (RMBS) sector. In its latest look at the RMBS segment, the company says that while the market still has some rebuilding left to do, it "has seen some rather substantial improvements of late," owing in large part to improved loan underwriting standards in recent years.

Read More »

Financial Institutions Account for Much of DOJ’s Record $24.7 Billion in Fines Collected in FY 2014

home-prices-three

The U.S. Department of Justice (DOJ) announced earlier this week that it has issued $24.7 billion in fines and penalties from various organizations for the fiscal year ending September 30, 2014, which was more than three times the $8 billion that DOJ collected for FY 2013. Much of the money collected was a result of enforcement actions by DOJ upon financial institutions for their handling of residential mortgage-backed securities.

Read More »
Scroll To Top