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23 October 2014 | 4 replies
The amortizations will be different, rates wanted are usually different by a seller, disclosures and taxes are to weighted average yields over each payment period, it gets complicated.
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29 October 2014 | 2 replies
I've been reading a lot on housing wire, nasdaq, market watch, and mortgage orb, and it seems a big discussion occurring is whether or not nonbank servicers should have more regulations.Here is what I learnednonbank special servicers wield $1.4 trillion in mortgage servicing rights out of a nearly $10 trillion marketnonbanks use short-term financing to buy servicing rights for troubled mortgage loans that will likely not pay off until difficulties resolve in the long-termInfrastructures might not be able to handle the responsibility of servicing large volumes of mortgage loans17% of the 30 largest mortgage servicers were not banksnonbank special servicers more susceptible to economic downturns that could increase nonperforming loans that require servicer loss mitigationnonbank servicers don't require same capital levels as a large bank lenderreason for standards for banks was deposit insurance and the sense that IDIs could impose risks on taxpayers (not applicable to non-banks)A recent report from Fitch Ratings suggests rise of nonbank servicers threatens private-label residential mortgage-backed securitizations (nonbanks now service 74% of all private-label securities by loan count)higher risk to GSEs buying from nonbanks due to a counterparty that may default on financial obligations (representation and warranty obligations)Elizabeth Warren, instrumental in formation of the CFPB is pushing for study on nonbank servicers.I know there is a variety of different professionals on BP, and I'm trying to understand and, more importantly, weigh all the pros and cons and consequences that would occur if the FHFA were to impose stricter regulations on nonbank servicers.
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3 November 2014 | 11 replies
Having cash/liquidity with no risk of loss brings security for us.
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7 November 2014 | 9 replies
According to the article, this complex had a history of crime.B=cost to curb the loss.
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14 November 2014 | 12 replies
Are you using the terms tax losses and tax deductions interchangeably?
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5 December 2014 | 19 replies
Exiting most Turn Key investment creates a loss as you as an individual investor cannot tap into the marketing Machine that the TK companies deploy to sell their units.
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20 November 2014 | 29 replies
Or, do we wait until January, hope to collect for November and December, and eat the loss?
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20 August 2008 | 12 replies
I think they call them their "Loss Mitigation Leads".
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20 October 2008 | 9 replies
He has not yet received a Notice of Default.I have called their corporate headquarters and had a long conversation with a loss mit rep who could not find any evidence of the loan number in their system.
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8 December 2008 | 14 replies
Are you aware that "someone in the business" can carry loss forward up to 20 years.