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Secondary Market

Former Washington Mutual Parent Company Acquires Mr. Cooper

Francis Lobo

Nationstar Mortgage, the Coppell, Texas-based mortgage servicing company that recently rebranded itself as Mr. Cooper in an effort to grow out of a niche closely associated with the Great Recession, is merging with the holding company that formerly owned Washington ...

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Blend to Further Digital Mortgage Process With Fannie Mae

Digital

Blend, a California-based technology company created to drive the consumer lending industry into the digital age, recently announced it’s the first end-to-end platform will be approved to provide asset verification reports for the Desktop Underwriter (DU) validation service, a component ...

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For Single-Family Rentals, Low Vacancy Rates Mean Rent Growth

CoreLogic has released its February U.S. Economic Outlook, with the spotlight this month turning toward the single-family rental market, and specifically the relationship between vacancy rates and rent price growth. As explained by CoreLogic Chief Economist Dr. Frank Nothaft, single-family ...

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GSE Credit Risk Transfer Loss Expectations Trend Lower

Fitch Ratings has released a new installment of its GSE Credit Risk Transfer (CRT) Loss Projections Report, which is published every six months, in January and June. The report  “details Fitch Ratings’ projections for future credit events and losses on ...

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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 ...

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Freddie Mac Expands Credit Risk Transfer Program

Freddie Mac recently announced the expansion of its Agency Credit Insurance Structure (ACIS) program with ACIS Forward Risk Mitigation (AFRM), a front end credit risk transfer offering. This latest credit risk transfer (CRT) offering enables Freddie Mac to transfer mortgage credit ...

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FHA Reverse Mortgage MBS Issuances Surged in Q4 2017

NewView Advisors, LLC, a financial services firm based in New York, has released a new look at the state of HECM mortgage-backed securities for 2017. HECM is the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage reverse mortgage program, which ...

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