How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Items Tagged with 'RMBS'

ARTICLES

JPMorgan’s latest jumbo RMBS receives AAA ratings from Fitch, KBRA

$262 million offering backed by 15-year notes
Ben Lane
Fitch Ratings and Kroll Bond Rating Agency both issued presale reports to JPMMT 2014-5 and awarded AAA ratings to the majority of the tranches of the deal.
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Here comes another jumbo RMBS from JPMorgan

$355.64 million offering receives triple-A ratings
Ben Lane
J.P. Morgan Mortgage Trust 2014-OAK4 built on a pool of 434 loans with an aggregate loan balance of $355.64 million. The offering contains loans with an average balance of $819,448 and has a weighted average loan-to-value of 73.7%.
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Kain: Big opportunity in mortgages lies ahead

Best still ahead, Kain tells clients at MREIT presentation
Trey Garrison
The bulk of the potential benefits from the post-housing crisis structural changes to the mortgage market haven’t been realized yet, American Capital Agency and American Capital Mortgage CIO Gary Kain said in the firm’s Mortgage REIT day presentation.
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JPMorgan's $13B mortgage settlement reaches homeowners

46,404 borrowers helped so far
Brena Swanson
In the latest update, JPMorgan Chase continues to fulfill its obligations under its $13 billion settlement, providing relief to 46,404 borrowers. Here's how far the bank has progressed since its last update in July.
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WinWater Home Mortgage launching second jumbo RMBS

$276.9 million offering receives AAA ratings from KBRA
Ben Lane
The company, which refers to itself as “a residential mortgage conduit aggregator focused on opportunities in the non-agency jumbo sector,” is bringing WinWater Mortgage Loan Trust 2014-2 to market.
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Remind me again what the "R" in "RMBS" stands for

Maybe it should be "rental"
Mark Fleming
The homeownership rate has fallen recently and all the panelists agreed that it seemed unlikely to return to its prior peak any time soon. The only question is: over time will the "R" in RMBS stand for Rental instead of Residential?
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Single GSE bond is coming, but when?

FHFA, GSEs provide update at ABS East
Ben Lane
“The CSP is a very important goal of the enterprises,” FHFA Senior Associate Director Robert Fishman said. “We have made real progress on the software build, but development will continue for quite a while. This is not a done deal.”
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What to expect at ABS East

Massive securitization market conference brings thousands to Miami
Ben Lane
“ABS East 2014 will provide comprehensive coverage on the revival and strengthening of the US securitization market, along with what our markets should look like in the future, given the importance of securitization to the real economy,” conference organizer Information Management Network said.
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Virginia targets banks with $1.15B toxic mortgage lawsuit

Virginia Retirement System lost $383 million
Brena Swanson
In the largest financial fraud action ever brought by the Commonwealth of Virginia, Attorney General Mark Herring announced a $1.15 billion lawsuit against some of the largest commercial banks for fraud committed against Virginia taxpayers during the height of the financial crisis.
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2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.
Laurie Goodman
As home prices are bid up, smaller investors, who can do their own property management and thereby lower their total property management costs, will remain interested. But these securitizations based on loans to small investors face two challenges.
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