Remove As-is Remove Due diligence Remove Finance Remove Investor
article thumbnail

Cenlar FSB names Thomas Donatacci as investor relations officer

Housing Wire

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. chief of staff at Impac Holdings Inc.

Investor 285
article thumbnail

Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? They can be, in essence, the “boots on the ground” for investors and developers alike. Market conditions have certainly trended downward for residential or commercial real estate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Private-label loan-vetting comes up short

Housing Wire

As part of that, it’s important to understand that the due-diligence reviews performed on loan pools assembled for securitizations often make use of a process called loan sampling. The concept is simple: A random sample of loans is selected for due-diligence review from a larger pool of loans that often numbers in the thousands.

article thumbnail

New MISMO standards are critical to a growing PLS market

Housing Wire

For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth in jumbo loan volume driven by increasing home prices, there has been renewed interest in the PLS market and its future growth. It includes: • PL RMBS ASF Mapping Specification v1.0.

article thumbnail

The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. To date, LoanSnap has attracted about $53 million in venture capital investment.

article thumbnail

UBS agrees to pay $1.4B to settle RMBS fraud case

Housing Wire

According to the DOJ, the United States filed a complaint alleging that UBS “defrauded investors” by making false and misleading statements to buyers of 40 RMBS issued in 2006 and 2007 relating to the characteristics of the loans. A recent filing from UBS showed the Swiss bank took a hit of about $17 billion due to the takeover.

article thumbnail

GSE repurchase risk is rippling through the MSR market

Housing Wire

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.