Latest news
Latest news
In March Lone Star closed its fourth residential mortgage fund at over $1bn
Bank’s relationship with SpringCash is ‘commercial’
Deal is the first seasoned performing and reperforming loan deal for Mill City Mortgage this year
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The Federal Housing Finance Authority (FHFA), which regulates and oversees Fannie Mae and Freddie Mac, has seen better summers. -
Homeward Opportunities Fund I, a private equity fund controlled by asset manager Neuberger Berman, is issuing an RMBS backed by $485.5m worth of non-qualifying mortgages (non-QMs), or mortgages which do not conform to the purchasing standards of Fannie Mae and Freddie Mac.
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Permanent TSB agreed to sell a non-performing loan (NPL) portfolio to affiliates of Lone Star on Tuesday, following a competitive sale process.
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The European Parliament has proposed an amendment to the new Capital Requirements Regulation protecting banks from the consequences of “massive disposals” of non-performing loans.
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House purchase mortgage approvals fell by roughly 2,350 in June compared to the same time last year, a reduction of 4.7%, according to data from consumer finance advocacy group UK Finance, though the mortgage market is being propped up by refinancing activity.
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Data from the Department of Commerce released on Wednesday shows that new home sales in June decreased in volume by 5.3% versus the month of May, suggesting that the US housing market is failing to keep up with the broader economic upswing.
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Redwood Trust, a California-based REIT, announced on Tuesday that an underwritten public offering of 6,250,000 shares of Redwood’s common stock has been priced at $16.50 per share, resulting in gross proceeds of approximately $103m.
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In its newest non-performing deal, NHLT 2018-2, Nationstar Mortgage is securitizing cash flows from 1364 non-performing home equity conversion mortgages (HECMs) sourced from Ginnie Mae-sponsored securitization pools.
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Following a flurry of second quarter earnings reports from US banks last week, analysts at Bank of America Merrill Lynch are predicting that demand from domestic banks for agency MBS should expand as the economy grows and banks are attracted to the highly liquid asset class.
