While quarterly mortgage production slid at Provident Funding Associates LP, the lender added more employees and pushed its mortgage servicing portfolio past $100 billion. The Burlingame, Calif.-based company reported to Mortgage Daily that first-quarter mortgage originations totaled 28 percent less than in the fourth quarter of last year. Provident also didn’t improve on its first-quarter [...]
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Provident Pushes Servicing Portfolio Past $100 Billion
April 27th, 2013 
davidguide Alt-A Downgrades Exceed $40 bil in Past 2 Weeks
September 22nd, 2010 davidguide Moody’s Investors Service reported downgrades to more than 500 tranches from Alt-A residential mortgage-backed securities during the past two weeks. The lowered ratings impacted around $42 billion in securities. The downgrades were made to RMBS issued in 2005, 2006 and 2007. View full post on Mortgage Stories
Posted in Business Loans 
Tags: Alt, AltA, Downgrades, Exceed, Investors, investors service, Moody, mortgage backed securities, Past, residential mortgage backed securities, RMBS, service, tranches, View, Weeks 
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