Amidst regulatory settlements, Fitch Ratings deems Ocwen mortgage products stable.
Read More »Risky Business? New Loan Mods Re-default at Higher Rates
Analysts found that loans modified after 2014 have higher re-default rates—what’s behind the increase?
Read More »The Tide is Turning: RMBS Liquidation Timelines Decline
According to a recent report from Fitch Ratings, liquidation timelines on defaulted mortgage loans may have hit their peak.
Read More »Wells Fargo Receives High Servicer Ratings
Wells Fargo Home Mortgage recently received high servicer ratings , welcome news after the completion of several organizational changes within the servicer division.
Read More »Fitch: Market Dictates Varied Staffing Levels among Servicers
U.S. bank mortgage servicers have cut servicing staff by nearly half in two years. What factors lead to this decline and why aren't non-banks experiencing the same trend?
Read More »New Fitch Ratings for Fannie Mae’s CAS Notes
Fannie Mae has received additional ratings for several Connecticut Avenue Securities (CAS) notes, part of an ongoing effort to improve transparency and liquidity at the GSE.
Read More »First Post-Crisis Fitch-Rated RMBS Class Has Been Paid
The first post-crisis, Fitch-rated RMBS class backed in part by non-performing loans has been paid in full.
Read More »ATR Rule Sends Borrower Claims Packing
Borrower claims appear to be fleeing the housing market two years after the Consumer Financial Protection Bureau introduced the Ability to Repay rule for mortgage servicers.
Read More »Lower Legal Costs Offset Headwinds for Banks’ Q4 Earnings
One notable exception was Goldman Sachs, which is fresh off a $5.1 billion RMBS settlement.
Read More »Fitch: FHLB-Funded mREIT Borrowers are Facing a Key Decision
Mortgage REITs that are affected by the FHFA's recently-issued final rule on Federal Home Loan Bank membership must find new sources of funding. Would it be more beneficial to go with short- or long-term funding?
Read More »