Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
W S

Items Tagged with 'STACR'

ARTICLES

Freddie Mac breaks new ground with riskier STACR deal

Unloads $10 billion more in credit risk
Ben Lane

The new deal, STACR 2014-HQ1, carries an average LTV of 92% with a current pool balance of $9.975 billion spread across 45,112 loans. The loans have an average balance of $221,109 and were originated in the third and fourth quarters of 2013.


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Wells Fargo: Fannie, Freddie risk-sharing deals lose their edge

Tightening spreads mean investors can find greater yield elsewhere
Ben Lane
In Wells Fargo’s Mortgage Market Monitor, analysts Greg Reiter, Mark Fontanilla, Randy Ahlgren, and Maria Mascia write, “we think the upside potential particularly of the risk-sharing transactions has dissipated.” Will investors look to other subsectors for more risk?
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Fitch will rate second Freddie Mac risk-sharing deal

STACR (part two) will carry a triple-B rating
Jacob Gaffney
Freddie Mac will be responsible for making monthly payments of interest and principal to investors based on the payment priorities set forth in the transaction documents.
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From HW Magazine

Setting the stage

Freddie Mac sets benchmark for effective credit risk transfer
Christina Mlynski
Since the Federal Housing Finance Agency outlined its goals for 2013, which included the divestiture of higher risk assets, both Fannie Mae and Freddie Mac have put several bids wanted in competition lists into the market.
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