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Author Archives: David Wharton

Fannie Offers Sixth Sale of Reperforming Loans

On Tuesday, Fannie Mae announced its sixth sale of reperforming loans. Reperforming loans are mortgages that had become delinquent, but which have recovered thanks to borrowers either catching up on their payments or working to secure loan modifications. This sixth ...

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Reverse Mortgage Securities Market Booming—for Now

Data

February 2018 was an excellent month for investors in reverse mortgage securities. According to New View Advisors, a financial services advisory firm located in New York, issuers of home-equity conversion mortgage-backed securities (HMBS) sold 129 pools in February, totaling $1.47 ...

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Collingwood’s Tim Rood: Moving Mortgage Forward

Tim Rood is the Co-Founder and Chairman of the Collingwood Group, a Washington, D.C.-based advocacy group for the housing and mortgage industries. Collingwood works to identify and secure business opportunities with the federal government and the GSEs; helps financial services ...

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PennyMac Selects Nordis Technologies as Print/Mail Partner

Nordis Technologies, based in Coral Springs, Flordia, has secured a major new customer, PennyMac Financial Services Inc., a leading national residential mortgage lender and loan servicer, for its print and mail services. Nordis is ramping up production and distribution of ...

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Prober & Raphael President Dean Prober Passes Away

Dean Prober, Senior Partner and President of the California-based firm of Prober & Raphael, has passed away. According to a media statement from Prober & Raphael, Prober passed away on March 1, 2018, surrounded by his family and following a battle ...

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The Week Ahead: Home Builders Weigh in

On Thursday at 10 a.m. EST, the National Association of Home Builders will release their latest monthly installment of the Housing Market Index (HMI). The monthly HMI index gauges builder perceptions of current single-family home sales and sales expectations for ...

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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. ...

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