A new report by Moody’s revealed that current macroeconomic conditions had been favorable for the mortgage insurance industry. But which factors were holding back the growth of originations in this segment?
Read More »Rushmore Ratings See an Uptick
The ratings agency recently upgraded Rushmore’s Servicer Quality assessment. What were the factors that helped the servicer achieve above average SQ rating from Moody’s?
Read More »Originating Investor Loans: Property DTI vs. Borrower DTI
There are both pros and cons associated with investor mortgage loans underwritten based on property DTI, according to a recent analysis.
Read More »Does This Advocacy Group Have the TRID Answer?
Moody's Investor's Service gave a seal of approval for the Structured Finance Industry Group's TRID compliance proposal, noting that it is adequate to address compliance risks that are likely to cause losses to residential mortgage-backed securitization (RMBS) trusts despite uncertainties.
Read More »It’s Lonely at the Top for Nationstar Mortgage
Nationstar Mortgage was the only one out of the three largest U.S. non-bank mortgage servicers to turn a profit during 2015, according to Moody’s Investors Service’s Servicer Dashboard.
Read More »Are TRID Compliance Violations an Epidemic in Mortgage Industry?
Since the TILA-RESPA Integrated Disclosures (TRID) rule went into effect on October 3, 2015, the mortgage industry has been mostly quiet about its effects—that is until now.
Read More »Fannie Mae & Freddie Mac RMBS Upgraded by Moody’s
Moody's Investors Service on Thursday announced the upgrading of 11 tranches from 3 transactions backed by conforming balance residential mortgage-backed securities issued by Fannie Mae and Freddie Mac totaling about $1 billion.
Read More »G20 Economies Growth Forecast Revised Downward to 2.8 Percent
The gross domestic product growth in the Group of Twenty economies has been revised downward for next year, according to a report from Moody's Investors Services released Friday.
Read More »PMI’s Benefiting From Economic Growth, Affordability, & Credit Quality
U.S. private mortgage insurers are expected to continue benefiting from economic growth, good house price affordability, and strong mortgage credit quality. According to Moody's Investors Service, PMIs have been positioned in a favorable housing finance environment that will allow them to reap the benefits in the industry, even if the Federal Reserve increases interest rates.
Read More »S&P Downgrades Ocwen’s Rankings to ‘Below Average’
Just two weeks after being upgraded by Moody's Investor Service and being placed Standard & Poor's CreditWatch list for a downgrade, S&P cut Ocwen Financial's rankings for residential mortgage prime, subprime, special, and subordinate-lien from Average to Below Average. S&P said that it believed "regulatory and investor scrutiny and/or actions" had affected Ocwen's operations.
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