Blog

Trustee Bond Administration Quality Varies Significantly

Trustee Bond Administration Quality Varies Significantly

Christine Brunie
Managing Director, Modeling & Analytics
Under my direction, the Modeling and Analytics division of Oakleaf Group aggregates published loan level data for RMBS transactions and checks the “waterfall” cash allocation rules that apply to each trust. We have reconciled hundreds of trusts over thousands of remittance months administrated by...
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Five Big Challenges of Servicing Modified Adjustable Rate Mortgages

Five Big Challenges of Servicing Modified Adjustable Rate Mortgages

Oakleaf has been performing audits on modified ARM and HELOC portfolios for over a decade. In 2018, we have been seeing a higher incidence of problems associated with servicer books. Below are five of the biggest challenges that are currently trending: People are creative . In an apparent rush to...
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Resourcing for Initiatives

Resourcing for Initiatives

Mary Pat Denney
Managing Director, Risk Initiatives
Now that you have received funding approval for your multi-year, cross-department corporate initiative, the clock is ticking. Large transformation projects typically involve data migration, systems changes, additional hands-on-deck and new skill sets. Business areas tend to lead these projects, and...
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Optional Call and Redemption Process for Non-Agency RMBS

Christine Brunie
Managing Director, Modeling & Analytics
A review of a large sample of non-agency RMBS transactions, which are backed by varying types of collateral, revealed that optional call eligibility varied depending upon the type and vintage of underlying collateral. Based on the review sample, the trusts, backed by subprime collateral, are the...
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Oakleaf's Analytics Execution Framework

Oakleaf's Analytics Execution Framework

Chris Milner
Founder, CEO and President
Oakleaf Group brings to our clients our proprietary Analytics Execution Framework, developed over the last decade to optimize analytic business processes at financial institutions and regulators. The execution framework ties together all necessary components to execute analytic processes in an efficient and controlled manner
Oakleaf Group Analytics Execution Framework Process Oakleaf Group brings to our clients our proprietary Analytics Execution Framework, developed over the last decade to optimize analytic business processes at financial institutions and regulators. The execution framework ties together all necessary...
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Reg AB II: Shelf Offerings Disclosure – Does More Data Yield a Clearer Picture of RMBS or PLS Markets a Year After New Regulations?

Reg AB II: Shelf Offerings Disclosure – Does More Data Yield a Clearer Picture of RMBS or PLS Markets a Year After New Regulations?

On August 27, 2014, the Securities and Exchange Commission adopted the final version of revisions to its Regulation AB, in so-called Reg AB II. With a tiered effective date of November 23, 2015 for new Forms 10-D and 10-K, and a more granular loan-level disclosure schedule (in xml format) due after...
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Oakleaf President & CEO Chris Milner's Inaugural Blog

Oakleaf President & CEO Chris Milner's Inaugural Blog

Chris Milner
Founder, CEO and President
I have heretofore avoided blogging in a way that I hope is natural to someone of my generation. I grew up when computing was still a novelty, and though I personally enjoy all the new gadgets that technology is making available, I have stopped short of Instagramming and Twitter. And blogging… until...
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Impact of CECL on Bank Capital and Earnings

Impact of CECL on Bank Capital and Earnings

Chris Milner
Founder, CEO and President
There has been much focus (and rightly so) on modeling of the loan loss reserve under the new CECL standard. Less attention has been paid to the impact from CECL on a bank’s capital and earnings.
There has been much focus (and rightly so) on modeling of the loan loss reserve under the new CECL standard. Less attention has been paid to the impact from CECL on a bank’s capital and earnings. Many banks are in the process of preparing their 3-year strategic plans at this time and they would be...
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Appeal denied to overturn $839 million RMBS award

Appeal denied to overturn $839 million RMBS award

Christine Brunie
Managing Director, Modeling & Analytics
Plaintiff’s win – Defendants Nomura and RBS tried unsuccessfully on appeal to prove the mortgage / bond losses were attributable to the broader financial crisis in 2008.
As a leading provider of litigation services, Oakleaf follows the securities litigation industry very closely. To support our clients in this arena we provide modeling expertise, loan file underwriting, data analytics and testifying expertise. Below we have summarized a recent ruling that is particularly pertinent to that work: an appeal decision for the first mortgage-backed security fraud case which originally went to trial in 2015.
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