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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.
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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…
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Will Rep. Hensarling Deal on GSE Reform?

July 11, 2017
Paul Muolo
The big question: Will the Chairman of the House Financial Services Committee support an explicit government guarantee on conventional MBS?
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Mortgage REIT Annaly Agrees to Sell MSR Unit Pingora to Bayview. No Servicing Rights Change Hands

July 11, 2017
Paul Muolo
In the SEC filing, Annaly reveals that it owns servicing assets through an “ongoing joint venture with a leading sovereign wealth fund.” The SWF was not identified…
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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…
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More GSE Cases Filed Arguing that the FHFA’s Structure is Unconstitutional

July 11, 2017
Carisa Chappell
FHFA’s status as an independent agency headed by a single director makes it different from almost every other independent agency…
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CFPB Issues Final Rule to Ban Mandatory Arbitration in Consumer Financial Contracts

July 11, 2017
Thomas Ressler
However, Congress has already prohibited arbitration agreements in the largest market the agency oversees: residential mortgages.
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Short Takes: It’s Alive Again (Well, Sort Of) / Sindeo’s Roots / The Mortgage Tech Race / Happy Anniversary Fannie and Freddie (Soon) / New Hires for mREIT Giant Annaly

July 11, 2017
Paul Muolo
There's a race on to see who will be the first to deliver a best-in-class lending automation product that the consumer trusts, said consultant Paul Hindman...
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HUD Mortgagee Review Board Suspends PA Lender Seckel Capital

July 11, 2017
Paul Muolo
As IMFnews went to press, Seckel was said to be in a meeting and could not be reached for comment.
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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.
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