Non-Performing Loan News; CFPB vs. Wells & Chase Has Everyone With MSAs Scurrying

By Rob Chrisman

Posted To: Pipeline Press

I am in Portland, Oregon today, but I flew, of course, commercial. In things to note, in Davos, Switzerland, where the famous finance folks are, 1,700 private jets were counted. Among other things, the owners were there to discuss global warming. Go figure. The FHA and FHFA news in the last month have moved servicing values , as has the decline in rates: is every loan above 4% going to pay off early? Companies continue to sell blocks of servicing. Phoenix Capital had two deals to start the New Year; the first being “Project Frontier” which is $75-$125 million per month flow Fannie Mae & Freddie Mac mortgage servicing rights. Bids should be based upon: 86-89% Fixed 30yr; 11-14% Fixed 15yr, $337-$355k loan average, WaFICO 748-758, WaLTV 63-67%, 100% CA Geo, with 100% wholesale originations…(read more)

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