Things have slowed down considerably in 2014, with Redwood only issuing one jumbo RMBS through its Sequoia platform in the first six months of the year. Redwood issued its second jumbo RMBS in July and now it's prepping its third such offering.
“Redwood continues to be one of the only ways to play a return of private capital in the mortgage market, and we see significant upside to both earnings and dividends in the years to come even is the timeline is extended out,” a FBR report stated.
One of the remaining signs of life in the non-agency market: the US Non Agency RMBS marketplace is gearing up to bid on approximately $1.15 billion worth of legacy paper, the last of its kind, on Thursday March 13.
One by one, they filed into the city council chambers. They took their seats and waited their turn, and once there weren’t any seats left, they moved to the seldom-used overflow seating. When the overflow seating filled, they moved to the civic center so they could watch the meeting on a closed-circuit feed..
It’s a new world, and in this new world, data is more crucial than ever. Getting the best data possible, and then being able to interpret that data to improve performance, will be a competitive edge that no company in the mortgage finance space can do without in the current environment of volume contraction. Read More
Only seven or eight years ago, mortgage fraud was one of the top stories in the industry. It was quite common to see stories estimating losses in the millions, with some experts suggesting that these numbers were only the tip of the iceberg. Lenders and their partners scrambled to strengthen their fraud-prevention strategies. Read More