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GSE-Eligible Loans See Fast Turn Times in Non-Agency MBS

June 21, 2021
Brandon Ivey

After dabbling as a non-agency MBS issuer in 2018 with two deals, loanDepot is now sharply increasing its presence in the sector...


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Ocwen to Buy Reverse Mortgage Servicing Platform

June 18, 2021
Paul Muolo
The nonbank has been a busy little acquisition bee of late.
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Wall Street to FHFA Regarding IL/SH Caps: Thanks

June 18, 2021
Paul Muolo
When one (cash) window closes, another opens...
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Notable: Quick Turn Times for New Prime Non-Agency MBS

June 18, 2021
Brandon Ivey
“In 10 states, our purchases already equal or exceed amounts in those geographies in each of 2018 and 2019,” Redwood said of its acquisitions of jumbos in 2021. “Loan purchases in these 10 states represent almost 30% of our year-to-date 2021 volume.”
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SBC Ranking Member Toomey Wants Investigation Into CFPB ‘Activists’

June 18, 2021
Lisa Burden
The senator from Pennsylvania also sent a letter to Rohit Chopra, President Biden’s nominee to run the agency, asking whether he had participated in getting rid of CFPB workers.
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Mortgage Industry Facing a Rise in Cyberattacks

June 18, 2021
Mitch Tanenbaum, chief information security officer at Turnkey Cybersecurity and Privacy Solutions, said small to medium-sized shops with no infrastructure to combat such assaults have been the most susceptible.
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Short Takes: Ocwen Strikes Again in M&A / Expanding Its Reverse Universe / (Recent) Past Deals / Denial Rates Released Via HMDA / New Hires for Deephaven Mortgage

June 18, 2021
Paul Muolo
Ocwen has its check book out. Who's next on its buying ist?
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Wall Street to FHFA Regarding IL/SH Caps: Thank You!

June 17, 2021
Paul Muolo
When one window closes, another opens. That seems to be the case when it comes to reducing purchase caps placed by the GSEs on investor loans. Lenders are not happy but investment bankers love it.
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Non-QM REIT IPO Underwhelms but Hope Springs Eternal

June 17, 2021
Paul Muolo
Based on activity over the past year, mortgage IPOs can sometimes underwhelm. Angel Oak’s was no exception but investors in the common shares are betting on non-QM lending taking off in the years ahead.
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Aircraft ABS Performance Isn’t Ready to Take Off Yet

June 17, 2021
Maria Volkova
Aircraft market values have not recovered post-pandemic, according to Fitch Ratings. Also, improvements will drag on due to supply and demand imbalances. The wild card? Next generation replacement technology, which relegates older airline models to the hangar.
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