Author name: Ricky Vasquez

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Looming risk for mortgage credit and MBS investors from “Lender Choice”

Since 1996 when Freddie Mac introduced the industry to the first automated underwriting system (AUS) for GSE-eligible mortgages, a borrower’s credit score has served as one of the most important predictors of mortgage delinquency.  For many years thereafter, FICO score was the sole provider of scores to both GSEs’ AUS scorecards.  The arrival of VantageScore […]

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Warsh call for Fed-Treasury accord stirs debate in $30 trillion bond market

Kevin Warsh floated plenty of ideas for how he would run the Federal Reserve during his campaign for the job as chair. For Wall Street, few are as cryptic — or potentially consequential — as his call for a new accord with the Treasury Department. Processing Content Warsh has voiced support for overhauling the relationship

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Two Harbors shareholder wants to halt UWM deal over filings

A Two Harbors Investment shareholder is suing the REIT to halt its deal with United Wholesale Mortgage, raising accusations around financial disclosures and board members’ stock sales.  Processing Content Michael Koblentz also named Two President and CEO William Greenberg and the company’s board of directors as defendants in the lawsuit filed Wednesday in an Illinois

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