Servicing

Morgan Stanley is returning to the jumbo residential mortgage-backed securities market for the first-time since the housing crisis. The originator is well-known, but the loans are unusual and the geographic concentration is high.

Fair Isaac's new credit scoring model includes enhancements to evaluate borrowers with limited credit histories and quantify the risk associated with different types of debt.

U.S. non-governmental residential mortgage-backed securities infrastructure may help Canadian players diversify their funding sources. The U.S. might win more key investors back if it had Canada's credit strengths.

Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.

Though some borrowers will suffer from payment shock when home equity lines reach their end-of-draw-period after 10 years, the risks are isolated. Fewer than 20% of home equity lines have an elevated risk of default in the next few years, TransUnion found.

The giant servicer will exercise cleanup rights it owns and invest in existing private-label RMBS tranches it services.

The nonbank servicer will be offering new refinancing products for borrowers who can't qualify under the GSE HARP refi program.

Just when you thought the exotic issues regarding residential default had all been discovered, discussed and litigated, here comes the so-called zombie foreclosure.

Another roundup of comments on our Editor at Large blog, from the best and brightest to the funniest.

The senior officer loan survey, which is released by the Fed every three months, asked both large U.S. banks and foreign banks about the effect the new ability-to-pay and qualified mortgage rules were having on approval rates for various types of home purchase loans.