Florida Attempting to Regulate Private Mortgages – Paper Source Online

Florida Attempting to Regulate Private Mortgages – Paper Source Online

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The company sponsored CIM 2016-1 – a $1.5B securitization of seasoned residential mortgages. Paper with a total balance of $1.275B was sold in a private placement to institutional investors. Chimera (NYSE:CIM) retained interests in about $225M of notes, and also has an option to call the paper any time on or after April 2020. Source: Press.

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The 2005 White Paper focused on methods to detect, investigate, and deter third party mortgage fraud. Financial institutions have experienced an increase in the number, volume, and types of mortgage fraud schemes resulting in significant losses. The 2009 white paper updates mortgage fraud trends and schemes currently impacting financial.

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