Flagstar Bancorp to Issue its First Post-Crisis Jumbo MBS July 18, 2017 Brandon Ivey All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.Read More
Other MBS Trustees May Follow Wells Fargo’s Lead on Withholding Funds July 14, 2017 Brandon Ivey Analysts at Bank of America Merrill Lynch said the action by Wells was “the most talked about topic” among market participants recently.Read More
Invictus Capital Partners’ Mortgage Unit Set to Issue Second Nonprime MBS July 14, 2017 Brandon Ivey The Invictus Opportunity Fund recently raised $35.56 million in capital.Read More
Wells Fargo’s Withholding of Funds from Non-Agency MBS Investors Prompts Action from Rating Services July 13, 2017 Brandon Ivey The deals are the subject of a lawsuit filed by MBS investors alleging that Wells Fargo failed to perform its duties as trustee... Read More
Short Takes: A Big Earnings Boost for Fannie and Freddie? / The Greenwich-Ameriquest Connection / IMA Selling GSE ‘Flow’ Package / Progress Ups its SFR MBS Deal / PHH Hires LenderLive Executive July 13, 2017 Brandon Ivey and Paul Muolo The $5.5 billion (to be) paid by RBS should boost GSE earnings big time...Read More
Short Takes: Apps Decline / Wells Prevails in Cincinnati Lawsuit / Delinquency Trends / New Single-Family Rental Security July 12, 2017 Brandon Ivey Mortgage applications last week were down 7.4 percent compared with the previous week, according to the Mortgage Bankers Association...Read More
Prime Non-Agency MBS Issuance Tumbles a Bit in 2Q17; JPM Leads the Market July 11, 2017 Brandon Ivey Some 15.2 percent of the mortgages in Chase’s second-quarter MBS were eligible for sale to the government-sponsored enterprises.Read More
Flagstar Gets Rated, a Sign that it May Become More Involved in Jumbo MBS? July 11, 2017 Brandon Ivey Jumbos accounted for 5.6 percent of Flagstar’s residential originations during the period…Read More
Latest Non-QM MBS from Angel Oak Sees Strongest Pricing Yet July 11, 2017 Brandon Ivey Since 2015 Angel Oak has issued four MBS totaling $639.92 million…Read More
A Breakout Quarter for Nonprime MBS; $1.08 Billion of Deals in 2Q17 July 10, 2017 Brandon Ivey “Rated nonprime non-qualified-mortgage transactions should broaden the investor base,” Deutsche Bank said.Read More