3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million

New home sales plummet 14.5% in March

Spring buying season off with a whimper
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Items Tagged with 'Royal Bank of Scotland'

ARTICLES

3 reasons cash-out refinances won’t be coming back

Total cashed-out dollars drops from $320 billion to $32 billion
April 15, 2014
According to data from RBS, the total cashed out dollars has tumbled from a peak of $320 billion in 2006 to $32 billion in 2013.
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Mortgage-bond traders forced to take leave

Big banks tell traders to skip work
April 11, 2014
Mortgage-bond traders at JPMorgan Chase, Morgan Stanley and Royal Bank of Scotland were placed on leave and told not to come to work. Could it be related to a high profile court case involving fraudulent mortgage bond trading?
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5 perspectives on getting private capital back into mortgage markets

Industry leaders talk what it will take to effect sea change
March 27, 2014
CoreLogic partnered this week with the Urban Institute to host an interactive Capitol Hill panel focused on bringing private capital back to the mortgage market. The focus of the discussion was on pricing, governance and servicing.
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What to watch out for in the 2014 MBS market

Road ahead for investors remains uncertain amid QRM regulatory indecision
January 6, 2014
Analysts and industry watchers say that the Dodd-Frank Wall Street Reform and Consumer Protection Act-mandated QM won’t have a major impact on the mortgage-backed securities market, though it may slightly slow lending activity on jumbo and interest-only loans.
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NY District Court Judge expands class of plaintiffs in RBS MBS securities case

Case involves the RALI and Harborview trusts
December 30, 2013
As banks exposed to mortgage-backed securities litigation try to fight these claims with their sights set on ending long-term exposure, one judge in New York recently gave plaintiffs fighting the Royal Bank of Scotland and other parties over alleged mortgage misrepresentations a green light to expand their class of MBS plaintiffs.
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Putting the brakes on housing reform

Next FHFA head Watt expected to slow or stall GSE contraction
December 11, 2013
Sterne Agee analyst: "We expect Watt will have a liberal interpretation that includes widening credit availability and slowing or stopping the contraction of the GSEs' balance sheets."
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RMBS market stable heading into 2014

But interest-rate risk, popping price bubbles remain possible headwinds
December 4, 2013
The residential mortgage-backed securities market is expected to continue its recovery well into next year as long as it’s not stunted by popping home price bubbles, regulatory uncertainty and volatile interest rates, Fitch Ratings RMBS analysts said Wednesday.
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FHFA leadership shift could impact HARP eligibility

Various coupons at-risk of change
November 22, 2013
With Sen. Harry Reid, D-Nev., changing the voting threshold in the Senate for new presidential appointments, analysts are prepping investors for changes in HARP-eligibility requirements.
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Third-party originated loans reach more pristine performance levels

Higher underwriting standards shift risk in investors favor
November 22, 2013
Third-party originated loans previously maintained a reputation for putting residential mortgage-backed securities investors at heightened risk, but times are changing and TPO loans originated after the financial crisis are now exhibiting some of the high performance standards.
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Mortgage market built to withstand government shutdown

Short-term effects will not destabilize the industry
September 30, 2013
Unless both sides of the aisle can reach a compromise or one side folds, the government will have its first shutdown in 17 years, creating even more uncertainty for the already shaky mortgage market.
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