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Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. That’s why it has to be done over and over again.”.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made.

Loans 360
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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
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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? Market conditions have certainly trended downward for residential or commercial real estate. They can be, in essence, the “boots on the ground” for investors and developers alike.

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New MISMO standards are critical to a growing PLS market

Housing Wire

In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae , Freddie Mac , and Ginnie Mae are responsible for approximately 99% of RMBS issuance. In fact, the secondary market for the securitization of mortgages requires data to be shared among parties in order to rate the underlying assets.

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Single-family rental market slammed by headwinds

Housing Wire

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 400
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Underwriter shortage slowing the pace of private-label deals

Housing Wire

They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. The private label market share of U.S. RMBS market. They can’t bring [securitization] deals to market as quickly. We certainly hear that as a concern in the market.”.