The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Investments

Redwood brings seventh jumbo RMBS to market since 2010

Redwood Trust (RWT) will bring a $313 million jumbo residential mortgage-backed security to market, its seventh since 2010.

Three rating agencies Moody’s Investors Service, Fitch Ratings and Kroll Bond Ratings assigned AAA status to six classes.

The Sequoia Mortgage Trust 2012-4 bond is the fourth of the year, and Barclays Capital (BCS) analysts expected it to oversubscribe as investors look for more product after the completion of Maiden Lane sales by the Federal Reserve.

Roughly 87% of the pool is made up of 30-year fixed-rate mortgages. The average FICO score is 771, and the average loan-to-value ratio is 67.6%, according to Moody’s.

One in four loans in the deal were originated by First Republic Bank, but the pool includes more than seven originators. Many subordinated tranches that received no rating include loans written by Flagstar Capital Markets, PrimeLending and others.

Redwood, the leading issuer of private-label mortgage bonds since the credit market locked up in 2007, managed to avoid a single delinquency since 2010.

Moody’s pointed out the latest pool includes a small number of loans with high principal balances, which can force losses on the bond when few loans remain. The largest 20 loans make up more than 10% of the total balance of 372 mortgages.

Like previous Sequoia transactions, a high percentage of loans back collateral in California. In the latest deal, 43% of the properties reside in the Golden State, though that is down from previous transactions.

jprior@housingwire.com

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please