April 15, 2015
Wednesday’s Academic Roundup
Amidst the Walking Dead: Judicial and Nonjudicial Approaches for Eradicating Zombie Mortgages, by Andrea Clark, Emory Law Journal, Vol. 65, No. 3, Forthcoming. The Paradox of Judicial Foreclosure: Collateral Value Uncertainty and Mortgage Rates, by David Harrison & Michael Seiler, … Continue reading
April 15, 2015 in MBS industry commentary | Permalink | No Comments
January 22, 2015
Kroll on Mortgage Performance
The Kroll Bond Rating Agency has issued an update of its residential mortgage-backed securities model methodology, Residential Mortgage Default and Loss Model. Before the financial crisis, ratings models seemed to be very reliable, data-driven models of probity and caution. We … Continue reading
January 22, 2015 in MBS industry commentary | Permalink | No Comments
January 12, 2015
S&P on Jumbos
Last week, I discussed an up beat S&P report on the overall RMBS market. Today I discuss and S&P report on the jumbo mortgage market. This report sees much slower growth in the private-label jumbo residential mortgage-backed securities market. It … Continue reading
January 12, 2015 in MBS industry commentary | Permalink | No Comments
September 30, 2014
Cool Mortgage Tool
The Urban Institute has created a cool interactive tool to map mortgages in the United States. Enterprise describes the tool as follows: it maps 12 years of data on more than 100 million mortgage originations throughout the U.S. by race … Continue reading
September 30, 2014 in MBS industry commentary | Permalink | No Comments
July 25, 2014
California Court Denies Plaintiffs’ Claims for Breach of Express Agreements, Breach of Implied Agreements, Slander of Title, Wrongful Foreclosure, and Violations of California Civil Codes
The court in deciding Zapata v. Wells Fargo Bank, N.A., 2013 U.S. Dist. (N.D. Cal. Dec., 2013) dismissed the plaintiff’s action for failure to state a claim. This action boiled down to an attempt made by the plaintiff to avoid … Continue reading
July 25, 2014 in MBS industry commentary | Permalink | No Comments
July 19, 2014
Georgia Court Dismisses RESPA, TILA, and HOEPA Claims
The court in deciding Mitchell v. Deutsche Bank Nat’l Trust Co., 2013 U.S. Dist. (N.D. Ga., 2013) granted the defendant’s motion to dismiss. Plaintiffs Reginald and Jamela Mitchell claimed that the defendants Deutsche Bank National Trust Co. and MERS violated … Continue reading
July 19, 2014 in MBS industry commentary | Permalink | No Comments
June 12, 2014
Ohio Court Finds that Dismissal of Plaintiff’s Foreclosure Complaint did not Deprive it of Jurisdiction Over Defendants and Their TILA Claims
The court in deciding Wells Fargo Bank, N.A. v. Wick, 2013-Ohio-5422 (Ohio Ct. App., Cuyahoga County, 2013) found that the trial court’s dismissal of plaintiff’s foreclosure complaint did not deprive it of jurisdiction over defendants and their TILA claims, as … Continue reading
June 12, 2014 in MBS industry commentary | Permalink | No Comments
