Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Items Tagged with 'DBRS'

ARTICLES

DBRS: CFPB rules, tighter credit driving down mortgage originations

Until uncertainty with QM, ATR settled, many buyers will be shut out
Trey Garrison
Federal regulations coupled with a general shift from refinance to purchase activities have resulted in historically low volumes of mortgage loan originations, even though home prices have continued to rebound and delinquency and foreclosure rates are at their lowest levels in years.
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Are the jumbo RMBS floodgates finally re-opening?

Credit Suisse brings third jumbo RMBS to market this year
Ben Lane
The offering comes nearly three months after Credit Suisse launched its most recent jumbo RMBS and becomes the sixth offered by the bank since the housing recovery began. It also marks a trend of increasing jumbo RMBS offerings over the last few months.
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S&P awards AAA ratings to $303M jumbo RMBS from JPMorgan

Kroll, DBRS and Fitch also awarded AAA ratings
Ben Lane
In its presale report, S&P noted the high-quality collateral included in the pools as one of the reasons for the quality of the ratings it awarded.
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JPMorgan brings $303 million jumbo RMBS to market

Bond uses 15-year mortgages
Ben Lane
This is JPMorgan's second offering of 2014, but this one is backed by 15-year notes. It also has lower LTV and DTI ratios than previous offerings.
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DBRS, S&P award AAA ratings to WinWater’s $250 million jumbo RMBS

Agencies join Kroll in awarding AAA ratings
Ben Lane
DBRS and S&P cite the high average FICO scores of the borrowers in the pool as one of the main reasons for the quality of the ratings.
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Credit Suisse brings another jumbo RMBS to market

2nd this year, 5th since housing recovery began
Ben Lane
The residential mortgage-backed securities deal is backed by 364 loans with a total principal balance of $277.73 million.
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Credit Suisse brings another jumbo RMBS

New Penn, DLJ mortgages comprise portfolio
Trey Garrison
Just over a quarter, or 25.8%, of the mortgage loans were acquired by DLJ Mortgage Capital. Almost three-quarters, or 74.2%, of the mortgage loans were originated or acquired by New Penn Financial and sold by New Penn to the depositor.
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How long will this mortgage drought last?

When will lenders and servicers make money again?
Jacob Gaffney
Not all mortgage lenders and servicers are confident that they have appropriately adopted the changes into their operations or fully understand how to quantify the liability for noncompliance.
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Citigroup markets private-label jumbo mortgage bonds

DBRS assigns high ratings to largest tranches
Jacob Gaffney
"Compared to other recently-issued prime jumbo transactions, this portfolio contains a very strong FICO score, combined LTV and DTI ratios with much less barbelled distributions," DBRS states.
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DBRS tackles ratings on U.S. ReREMIC deals

Most of the transactions are backed by alt-A, prime loans
Kerri Ann Panchuk
Ratings firm DBRS re-rated 549 classes from 52 different U.S. residential mortgage-backed securities deals this week.
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