Fitch Ratings, New York, said servicers continue to work with struggling homeowners to avoid loan default, as early delinquencies remain flat and late stage delinquencies show positive movement.
Tag: Residential Mortgage-Backed Securities
Fitch: Serious RMBS Delinquencies Trending Positively; Early Delinquencies Remain Flat
Fitch Ratings, New York, said servicers continue to work with struggling homeowners to avoid loan default, as early delinquencies remain flat and late stage delinquencies show positive movement.
Fitch: RMBS Servicers Focus on Post-Pandemic Performance
Fitch Ratings, New York, said mortgage servicers are anticipating increased regulatory scrutiny in 2023 as borrowers continue to exit forbearance assistance plans and seek help with their mortgage payments.
Fitch: Remote Working to Affect Housing Demand—But Not U.S. RMBS Ratings
Fitch Ratings, New York, said while remote working in the U.S. accelerated as a result of the coronavirus pandemic, and is reducing the importance of proximity to offices and causing migration from urban to suburban and exurban areas, it does not expect any material effect on the credit quality of its rated U.S. residential mortgage-backed securities pools.
MBA, Trade Groups Ask SEC to Amend Reg AB II Disclosure Requirements
The Mortgage Bankers Association and other industry trade groups sent a letter this week to the Securities and Exchange Commission, asking it to consider amendments to Reg AB II disclosure requirements that will help to restore the registered segment of the private-label securities market.
MBA, Trade Groups Ask SEC to Amend Reg AB Disclosure Requirements
The Mortgage Bankers Association and other industry trade groups sent a letter yesterday to the Securities and Exchange Commission, asking it to consider amendments to Reg AB II disclosure requirements that will help to restore the registered segment of the private-label securities market.
Fitch: Coronavirus to Drive More ‘Outside-the-Box’ Appraisals in RMBS
Fitch Ratings, New York, said traditional “full” pre-close home appraisals, viewed to be best practice, are becoming less common in the mortgage origination process as homes are more difficult to access during the coronavirus outbreak.
Fitch: RMBS Servicers See Opportunity in 2020 Amidst ‘Clear Challenges’
Change is coming for U.S residential mortgage-backed securities servicers in 2020 and beyond, said Fitch Ratings, New York, with perhaps the most notable one being how they are preparing for the end of LIBOR.
John Vella of Altisource on URLA, Non-QM Lending and Improving the Borrower Experience
John Vella serves as Chief Revenue Officer of Altisource. Previously, he served as Chief Operating Officer of Equator LLC. He began his financial services career with the Federal Deposit Insurance Corp. and Freddie Mac and later served as Chief Sales Officer for H&R Block’s mortgage company.
SEC to Examine Disclosure Requirements for RMBS
Securities and Exchange Commission Jay Clayton this week issued a statement instructing SEC staff to review the Commission’s residential mortgage-backed securities asset-level disclosure requirements with an eye toward facilitating more SEC-registered offerings.