Servicing
Proposed Ginnie Mae policy may increase buyouts
This week Ginnie Mae proposed a change to its general buyout policy.  A key component would be to allow partial payments to advance rather than reset the borrower’s delinquency status, according to Sarah Hu and Ashley Gam of Royal Bank of Scotland ($10.33 0.62%). Under the current policy,... Read More

Featured News

Reverse mortgage legislation approved by Texas House
The Texas House of Representatives approved legislation that would reverse mortgage lending in Texas.  Supported by consumer groups, the House approved Senate Joint Resolution 18 by a 139-1 vote. Before it can become a... Read More
Investors find private-label RMBS facing rep and warrants issues attractive
With settlements on representation and warranty violations in private-label residential mortgage-backed securitizations beginning to pick up momentum, investors are becoming more comfortable with pricing the potential... Read More
Flagstar CEO steps down, moves to his old position
Lender Flagstar Bancorp ($13.41 -0.76%) announced an executive shake-up this week. The Michigan-based firm reported that its current CEO and President Michael Tierney is stepping down from the top job and returning to his... Read More