Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
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Items Tagged with 'Compass Point'

ARTICLES

Moody's: Here's why PHH should not sell fleet business

3 options for future of company
March 14, 2014
Moody's said it is concerned the sale of the fleet business would "weaken the company's franchise strength and result in a business with a more concentrated revenue base."
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Why is Nationstar sitting pretty when Lawsky is on its back?

Opportunities and warnings abound for servicer
March 5, 2014
Nationstar is under a lot of scrutiny, the latest being a double-dose of good and bad news – a nod from Compass Point on opportunities for the Texas firm in the 2015 federal budget, and a warning from New York state’s top financial regulator.
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Homeowners with more equity want to improve their homes

But gaining home equity lines of credit is now more difficult
October 4, 2013
Homeowners are watching their home equity levels rise, but tapping into this pool of home equity to finance remodeling projects remains difficult in today's lending environment.
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Jumbo, conforming rates are now competitive

Banks given greater incentive to originate jumbos
October 2, 2013
Rising interest rates have made jumbo rates more competitive with conforming rates, Compass Point Research & Trading claims in a new report. So what's causing the switch? Several factors really. For starters, rising guarantee fees have made conforming loans more costly.
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Experts pull back reins on FHA bailout rumors

Will FHA reform immediately follow the shortfall? Doubtful.
September 26, 2013
While rumor has it the FHA will require a first-time Treasury draw this year, industry analysts are cautioning the industry not to buy into those reports just yet.
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Large asset managers fear the dreaded SIFI label

BlackRock fears it could be next on the list
September 20, 2013
More nonbank firms face the regulatory scrutiny associated with being named systemically important financial institutions, or "SIFIs".
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PennyMac sails into jumbo RMBS

Kroll pre-rates the deal, giving most tranches AAA ratings
September 19, 2013
PennyMac has been eying the jumbo residential mortgage-backed securities market for quite some time. With the recent drop in rates, the firm decided now is the time to price and issue a private-label RMBS deal.
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mREITs rally on QE continuation

But the delay has left mREITs in a funny predicament
September 19, 2013
The delay in tapering has left mREITs in a funny predicament, as a steeper yield curve presents a better net interest spread environment for the sector, but the process of getting there can be challenging for book values for REITs not fully hedged.
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Agency MBS rallies on Capitol Hill changes

Concerns linger over Fed pullback, uncertainty about Bernanke's replacement
September 17, 2013
When it comes to mortgage-backed securities, the months of August and September turned into a tale of two markets, with MBS profits rising at the start of both months before falling in each period, analysts claim
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The Big Show: Battle lines drawn over next Fed pick

White House shoots down rumors Summers is next
September 13, 2013
All the chatter on Capitol Hill revolved around an international report that President Obama has chosen his next Federal Reserve chairman pick. However, the White House was quick to shoot down rumors, leaving the market wondering who will take over Bernanke's throne.
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