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Mortgage Originations Flat at First Republic in Fourth Quarter

January 21, 2022
Brandon Ivey
The bank’s fourth-quarter lending was flat, but it had record level originations for the year and expects volume to increase in 2022.
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Conforming-Jumbo Business at GSEs Levels Off in 2021

January 21, 2022
Brandon Ivey
Strong home price appreciation helped push some GSE conforming jumbos into the non-agency market. Are loans for second homes next? (Includes data chart.)
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Excelerate Plots Non-QM Growth, Including Issuing MBS

January 21, 2022
Brandon Ivey
The California-based mortgage lender has a new CEO and plans to increase its non-QM production and issue MBS.
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Non-Agency MBS Issuance Flowing Smoothly in January

January 21, 2022
Brandon Ivey
Recent non-agency MBS include the year’s first expanded-credit MBS, plenty of prime deals and even a security with proprietary reverse mortgages.
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United Wholesale, Arc Home Expand Non-Agency Product Offerings

January 21, 2022
Brandon Ivey
UWM’s new jumbo promises its lowest interest rate yet, while Arc Home’s offer includes investment-property loans with balances of up to $2.0 million.
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News Briefs

January 21, 2022
Brandon Ivey
A&D Mortgage receives servicer rating; Bayview buys operator of “We Buy Ugly Houses;” Redwood invests in firm that applies AI to photos from real estate listings.
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Banks Target Nonbanks for Asset-Based Lending, Warehouse

January 21, 2022
Paul Muolo
For months now, rumors have been circulating that Signature was planning to make a big splash in warehouse finance, having hired a former Wells Fargo executive...
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Strong Earnings for TCBI but Warehouse Pressures

January 21, 2022
Paul Muolo
Last year, the depository sold its mortgage servicing portfolio — roughly $14.0 billion in MSRs — to Ocwen...
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ABS Issuance Hits Record in 2021, Market Cools in 4Q

January 21, 2022
John Bancroft
All major product groups saw significant gains in 2021...
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Earnings Preview: Strong Profits for Fannie, Freddie?

January 20, 2022
Paul Muolo
Fannie and Freddie have yet to release a date for their fourth-quarter results, but 4Q was likely a tad shy of 3Q. Credit stable interest rates and decent MBS volumes.
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