Servicing

New York Mortgage Trust's 9.125% notes due 2029 may help fund new purchases of mortgages and securitizations in the private or agency markets.

North American firm Voxtur Analytics said a U.S. mortgage investor group backing a new slate of board nominees hadn't provided some information Canada requires.

The top five banks have a combined unpaid principal balance of more than $1.8 trillion at the end of Q1 2024.

Average loan-to-value ratios fell in NPL sold at both influential government-related mortgage investors, according to a Federal Housing Finance Agency report.

The Federal Housing Administration floated a mortgagee letter that increases a funding entity's responsibility for the actions of correspondents or brokers.

The agency alleged the companies had inadequate servicing resources and is calling on them to pay millions of dollars in redress and a civil money penalty.

Through the proposal, the risk function at Ginnie Mae is telling issuers to change their business model or exit the industry, writes the Chairman of Whalen Global Advisors.

The top five banks have a combined servicing volume of more than $26 billion at the end of Q1 2024.

The HUD agency contends that the bank's agreements involving certain reverse-mortgage assets call for the closely watched case to be filed there.

The term is open to interpretation and may refer to a broad range of real-estate finance activity. An "independent mortgage banker" has a narrower definition.