RMBS

Merrill to pay $15.7M for duping mortgage bond customers

Bank of America Corp.'s Merrill Lynch unit will pay $15.7 million to settle a U.S. regulator's allegations that it failed to properly supervise traders who persuaded clients to overpay for mortgage bonds by misleading them about how much the firm paid for the securities.

Enforcement June 12

Enforcement June 12
Invitation Homes' next SFR securitization aims for the record books

IH 2018-SFR1 refinances three earlier transactions (one each from 2013, 2014 and 2015) and is initially sized at $1.1 billion; it may be upsized to $1.3 billion, depending on investor demand.

RMBS Allison Bisbey June 11

RMBS Allison Bisbey June 11
Why loosening the reins on QM may put a dent in GSE market share

Since its inception, the qualified mortgage rule has been synonymous with loans purchased by Fannie Mae and Freddie Mac or guaranteed by government agencies. But a broader QM definition could change that by creating more competitive private-label options.

Qualified Mortgages Brad Finkelstein June 5

Qualified Mortgages Brad Finkelstein June 5
How a CFPB overhaul of the QM rule will remake mortgages

Anticipated changes to the qualified mortgage rule will give lenders more options and force them to rethink their views on risk.

Qualified Mortgages Brad Finkelstein June 4

Qualified Mortgages Brad Finkelstein June 4
U.S. restricts Freedom Mortgage in continued VA loan crackdown

Freedom Mortgage is being punished by a government-owned mortgage guarantor amid concerns that the Mount Laurel, N.J.-based company is helping to enable unnecessary refinances of veterans' loans.

Enforcement June 4

Enforcement June 4
Why this hurricane season may be harder on servicers than Irma and Harvey

There are almost 7 million coastal homes facing more than $1.6 trillion in potential storm-surge reconstruction expenses this year, representing a 6.6% cost increase from last year's hurricane season.

Real estate Bonnie Sinnock May 31

Real estate Bonnie Sinnock May 31
Credit quality of Caliber nonprime RMBS is moving back up

The borrowers behind the $401.6 million COLT 2018-2 have weighted average liquid reserves of $426,633, or nearly twice the level of borrowers backing a deal completed in January.

RMBS Allison Bisbey May 29

RMBS Allison Bisbey May 29
FirstKey ups exposure to mobile homes in next reperforming RMBS

The $1.56 billion Towd Point Mortgage Trust 2018-2 also features higher exposure to loans on investment properties, in some cases loans backed by single-family homes in more than one state.

RMBS Allison Bisbey May 22

RMBS Allison Bisbey May 22
10 secondary market abbreviations every mortgage pro must know

Test your knowledge of the secondary mortgage market with this quiz of key industry abbreviations.

Secondary market Elina Tarkazikis May 18

Secondary market Elina Tarkazikis May 18
Angel Oak Mortgage plans to double down on non-QM lending in 2018

After originating more than $1 billion in loans outside the ability-to-repay rule's Qualified Mortgage safe harbor last year, Angel Oak is planning to originate at least twice that in 2018.

Qualified Mortgages Bonnie Sinnock May 14

Qualified Mortgages Bonnie Sinnock May 14

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