Incenter Halts ‘Active Market Making’ of TBA Securities September 20, 2018 Paul Muolo Incenter is a “portfolio” company of The Blackstone Group, which has several mortgage-related investments including…Read More
Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack September 20, 2018 John Bancroft The central bank could lose its kingpin status if commercial banks continue buying…Read More
A Surge in Jumbo Correspondent Acquisitions September 19, 2018 John Bancroft Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…Read More
Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor September 19, 2018 Brandon Ivey Three nonbank lenders, all owned by PE firms, are key contributors to the deal…Read More
Former Goldman Officials Launch Non-QM Wholesaler to Feed its Growing Aggregation Business September 19, 2018 Paul Muolo Steve Skolnik, an industry veteran with a long career in nonprime lending, was recently hired as CEO…Read More
MorVest Taking Bids on Freddie Mac Bulk MSR Portfolio September 19, 2018 Paul Muolo Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.Read More
Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae September 19, 2018 Brandon Ivey and Paul Muolo On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.Read More
Slightly Higher Warehouse Commitment Figures Mask Worries About Price Cutting, More… September 18, 2018 Paul Muolo One manager criticized number-two ranked warehouse provider Texas Capital for the discounts the bank is offering, calling it “the talk of the warehouse community.”Read More
Wells Fargo Ready to Break its Jumbo MBS Drought September 17, 2018 Brandon Ivey Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…Read More
GSE Purchase Business Up Again, but Refis Rise as Well September 17, 2018 John Bancroft The refi surge may be attributable to more cash-out transactions.Read More
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