“Combining Amherst’s unparalleled leadership in mortgage-related securities and Pierpont’s liquid product-related offerings will create a scalable platform that will have an unmatched ability to capture future growth opportunities,” Pierpoint Securities CEO Mark Werner said.
The expected alignment of the QRM rules with QM standards will likely reduce uncertainty for players in the residential mortgage-backed securities sector and should also support stronger participation in jumbo loan activity by banking institutions.
With settlements on representation and warranty violations in private-label residential mortgage-backed securitizations beginning to pick up momentum, investors are becoming more comfortable with pricing the potential...
While investigating homeowners’ inability to restructure securitized mortgages, Robert Hockett, a law professor at Cornell University, developed a novel yet aggressive strategy to alleviate their deepening...
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More