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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 351
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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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Private-label loan-vetting comes up short

Housing Wire

A recent report by the Kroll Bond Rating Agency , however, raises a yellow flag about current loan-review practices in the private-label market that requires examination of the sausage-making. 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.

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GSE repurchase risk is rippling through the MSR market

Housing Wire

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. Is it affecting the MSR market? “I

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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. By one estimate , the global cryptocurrency market, although volatile, is valued today at around $1.8

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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. “The settlement has been fully provisioned in prior periods,” UBS said in a statement.

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Navigating Real Estate Investments in a Correcting Housing Market

Realty Biz

The housing market is a dynamic and ever-changing landscape. Corrections in the housing market rank among the key factors that significantly impact this industry. Understanding housing market corrections is essential for investors, policymakers, and homeowners alike.