Non-qualified mortgages have increased in popularity, growing quicker than other RMBS products. What has caused this increase?
Read More »Hurricane Florence’s Impact on Reverse Mortgage-Backed Securities
With Hurricane Florence expected to make landfall Friday morning, new studies revealed how the storm may impact RMBS in the Carolinas. Additionally, see what the financial impact on housing will be from the storm.
Read More »RMBS Performance Stays Strong
Prime and nonprime RMBS transactions performance have been exceptional, according to a recent study. See how prime and nonprime securities have improved in the first half of 2018.
Read More »Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for them, leading to foreclosures for around 400 borrowers.
Read More »Non-Bank RMBS Servicers Retreating from Delinquent Loans
As re-performing loan product continues to fall, non-bank servicers are backing away from delinquent borrowers, according to a report. Here’s where they’re concentrating instead.
Read More »Fitch Examines Top Servicers
According to the latest installment of Fitch’s U.S. RMBS servicer handbook, the American servicing landscape is undergoing significant shifts, much of it driven by merger and acquisition activity among servicers such as Mr. Cooper and Ocwen. 'Strategic positioning and M&A ...
Read More »Barclays Settles RMBS Suit
The British bank Barclays has reached a settlement with U.S. authorities over financial crisis-era transactions involving toxic residential mortgage-backed securities (RMBS) sold between 2005 and 2007. Under the terms of the settlement, Barclay’s agreed to pay $2 billion in civil ...
Read More »Bankruptcy Judge Backs Lehman Brothers in RMBS Suit
A New York bankruptcy judge has ruled that Lehman Brothers Holdings, Inc. will have to pay around $2.4 billion to investors in order to settle disputes over toxic residential mortgage-backed securities (RMBS) sold by the bank during the financial crisis. ...
Read More »Smaller Banks Picked up RMBS Slack in Q3
The third quarter of 2017 saw many of the larger bank servicers scaling back their portfolios of residential mortgage-backed securities (RMBS), while smaller regional banks and non-bank servicers moved to seize the opportunity, as reported by Fitch Ratings’ latest RMBS ...
Read More »Moody’s Grants Provisional Rating to J.P. Morgan Prime RMBS
The certificates involved are backed by nearly 1,500 30-year fixed-rate mortgage loans, totaling a balance of $883,819,918.
Read More »