The handful of future flow securitizations, particularly diversified payment rights (DPR) securitizations, originated in Russia over the years have all been done as secured loan structures, typically by an offshore SPV issuing notes backed by a secured loan made to the originator.
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The new guidelines streamline documentation requirements, waive deficiencies for borrowers who have completed a short sale and set standard payments for subordinate lien holders.
August 21 -
The company said it will use the proceeds to “fund the continued growth of its correspondent lending business and to acquire additional mortgage loans or other investments."
August 21 -
LPS will now offer RentRange reports to clients looking for accurate rent projections for real-estate-owned properties.
August 21 -
Would-be GSEs reformers should remember that the GSEs influence commercial and multifamily mortgage-related securities markets as well as single-family ones
August 21 -
Ellington Financial will use the proceeds to acquire assets such as agency MBS and non-agency RMBS.
August 21
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A UBS fixed-income cohead is planning to leave the firm next month, a representative confirmed.
August 21 -
The Mortgage Industry Advisory Corp. is selling almost $8 billion worth of Ginnie Mae servicing rights for an undisclosed client.
August 21 -
The recently revised HARP has narrowed the differences between Fannie and Freddie’s refinancing programs and their prepayment speeds
August 21 -
The low delinquency rates reflect both lenders' conservative underwriting and consumers prioritizing card payments, TransUnion's Ezra Becker said.
August 20 -
The Rhode Island Student Loan Authority series 2012-1, worth $111 million, will be rated by both S&P and Fitch..
August 20 -
The credit card ABS market's recovery continues at a quick pace with new-issue volume increasing as spreads in the sector tighten, Wells Fargo said.
August 20 -
The Dodd-Frank Mortgage Reform Managed Compliance Modules offer compliance assessment to help financial institutions follow the regulation's key sections
August 20