RMBS

The industry’s reliance on these yardsticks to estimate the riskiness of a pool of borrowers is mathematically flawed.

Kensington Mortgage Co. (KMC) is pooling approximately £343.7 million (US$428.7) in prime-borrower first-lien and “buy-to-let” investor mortgages in the second UK mortgage-backed securitization being marketed this month.

Ocwen Financial has reached a deal with California authorities to resolve allegations that the mortgage servicing firm -- a frequent target of regulators in recent years -- again violated a range of state and federal laws.

Kroll Bond Rating Agency is maintaining its downgrade watch on portions of Diamond Resorts’ recent timeshare loan securitizations, expressing worries about future default levels.

Ocwen has stepped away from the business of acquiring mortgage service portfolios - for now - so the special servicer is exploring new business lines as varied as mortgage originations to alternative lending under the direction of new non-executive chair Phyllis Caldwell. a former U.S. Treasury executive.

Fannie Mae plans to sell nonperforming loans with $1.7 billion in unpaid principal balance.

J.P. Morgan is testing the market with another large offering of mortgage bonds backed by an unusual mix of collateral.

Consumer Financial Protection Bureau Director Richard Cordray has managed to keep his job for more than two weeks into a Trump administration, despite repeated calls by House Republicans for him to be fired.

Cherry Hill Mortgage Investment Corp. has received issuer and purchase approval from Ginnie Mae, allowing it to complete a previously announced deal with Freedom Mortgage.

Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market.