Items Tagged with 'Private-label'

ARTICLES

Redwood Trust CEO: We're ready for Trump to bring private capital back to mortgages

Tells investors that REIT will be "aggressive" when time comes
During an interview with CNBC on Thursday, Steven Mnuchin, the newly minted Secretary of the Department of the Treasury, reiterated the Trump administration’s pledge to pursue reform of Fannie Mae and Freddie Mac. And if that happens, Marty Hughes, the CEO of Redwood Trust, says that the real estate investment trust will be ready and willing to step further into the market.
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LenderLive takes PHH private-label mortgage operations

PHH dramatic business shift continues
Earlier this week, PHH announced that it plans to exit its joint mortgage venture with Realogy Holdings, ceding the business to Guaranteed Rate as PHH continues to shift its business focus. But that’s far from the only change for the company. LenderLive is now set to take over PHH's private-label mortgage operations.
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Regulators deny JPMorgan Chase, Redwood Trust securitization innovation

Private market risk-sharing effort rejected by OCC
Last year saw a bit of innovation in the private-label securitization market, as JPMorgan Chase launched a new securitization option where some of the risk on non-agency mortgages is transferred to the private market through a risk-sharing deal. But, the Office of the Comptroller of the Currency rejected the innovative securitization structure. What does it mean going forward?
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Clayton Holdings becomes first Morningstar-rated 'deal agent' for mortgage bonds

Increased oversight of private-label deals could spur market
Earlier this year, several of the "biggest bond funds on Wall Street" released a proposal to include an additional layer of oversight and protection on private-label mortgage bonds as part of an effort to jumpstart the languishing private mortgage market. Now, Morningstar Credit Ratings is helping to move the concept forward by issuing it first "deal agent" ranking.
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Latest Springleaf subprime RMBS light on triple-A

Stall in originations contributes to lower overall S&P ratings
The platform, Springleaf Mortgage Loan Trust 2013-3, received mixed preliminary ratings, ranging from AAA to B, due to operations and counter-party risks — specifically, the company’s decision to exit the originations business.
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