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The Final MBS/ABS Tally for 2021: A Record $4.3 Trillion

January 7, 2022
John Bancroft
Continued low interest rates, courtesy of the pandemic, was a key factor in the results...
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Better.com Gets a Chief Product Officer. The Goal: Growth Ahead

January 7, 2022
Paul Muolo
Better.com's new chief product officer spent seven years at Wayfair...
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As Nonbank Mortgage Stocks Swoon...

January 7, 2022
Paul Muolo
Two of the six — UWM and FoA — became public entities via a SPAC maneuver, something Better.com is presently attempting.
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Industry Nears Third Year of Disruption as Omicron Variant Surges

January 7, 2022
Monica Hogan
Citigroup, a top-30 player in mortgages, has become the first megabank to impose a strict Covid-19 vaccine mandate: Get a shot or you're fired.
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Non-Agency MBS Issuance Kicks Off 2022 With Prime Deals

January 7, 2022
Brandon Ivey
Non-agency MBS issuers are off to a fast start this year, with four deals marketing this week. The MBS are backed by non-agency jumbos and GSE-eligible mortgages for investment properties.
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Velocity Acquires Stake in FHA Multifamily Lender

January 7, 2022
Brandon Ivey
Officials at Velocity said the acquisition of an FHA multifamily lender will help to expand the company’s product offerings and serve as a hedge for its traditional focus on business-purpose lending.
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News Briefs

January 7, 2022
Brandon Ivey
New Residential set to issue single-family rental securitization; DBRS accepts Phoenix Collateral Advisors as due-diligence provider.
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Ginnie EBOs, Non-QMs Spur Strong Whole-Loan Trading Results

January 6, 2022
Paul Muolo
Driven by demand for EBOs and non-agency products, trading desks were quite active in 2021. The new year is shaping up to be a bright one as well.
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Mid America Secures Gestation Repo Financing for DPA Program

January 6, 2022
Monica Hogan
Addison, TX-based Mid America Mortgage will fund its downpayment assistance program for low- and moderate-income borrowers through a gestation repo line secured from JVB Financial Group.
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Non-QM Pioneers See Strong Growth Ahead

January 6, 2022
Paul Muolo
It should be a busy year for non-QM securitization. Angel Oak plans to be in the market almost monthly while Acra is working on its first “big” deal.
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