Recent Stories From this Author
Legacy Second Liens, Once Short of Buyers, Now Lack Sellers
August 18, 2014 Second liens were the toughest nonperforming home loan asset to find a buyer for in the secondary market. Now, there are some...
Second Liens Grow Again as Other Mortgage Lending Dwindles
July 31, 2014 Home price gains have caused borrowers to turn to second liens to access cash for home improvement or other needs as higher...
Property Tax Hikes Compound Mortgage Market's Woes
June 30, 2014 As home prices rise and municipalities scrounge for revenue, rising property taxes make it harder for loan applicants to meet...
Financing for Mortgage Servicing Makes a Comeback — with a Twist
June 27, 2014 Ocwen hopes to do more with a novel transaction structure that transfers the prepayment risk of mortgage servicing rights....
Risky Form of Reverse Mortgage Nipped in the Bud by HUD
June 23, 2014 The move is the latest in a series of reforms to the government-insured Home Equity Conversion Mortgage, eliminating product...
Want to Finance an NPL Portfolio? Show You Can Handle Distress
June 19, 2014 Buyers of distressed residential mortgages who want financing should tell their prospective backers all about their mistakes,...
Market 'Overheated' for Nonperforming Mortgages, Advisors Say
June 19, 2014 The nonperforming residential mortgage market is hot, and may be getting a little too hot, with bidding extremely competitive,...
Why Mortgage Down Payment Requirement Is So Hard to Relax
June 12, 2014 A down payment remains a high hurdle for consumers seeking mortgages. Lowering this hurdle increasingly seems in line with...
Believe It or Not, Some Banks Still Want to Buy Servicing Rights
May 28, 2014 Much has been made of how Basel III requirements have dulled banks' appetite for mortgage servicing rights, but a handful of...
Subprime's Siren Call: Can Lenders Answer it Responsibly?
May 26, 2014 Lessons of the crisis still have lenders nervous. But today's documentation requirements should keep things in check.
Six Retail Banking Priorities for 2020SPONSOR CONTENT
This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.