Quicken Taps the Corporate Bond Market Yet Again. But Will (or Can) Others Follow Suit? January 4, 2018 In late December, Quicken Loans sold roughly $1 billion worth of corporate debt through a pri-vate placement, agreeing to pay investors an attractive yield of 5.25 percent.Read More
Prime Non-Agency MBS Could Boom This Year January 3, 2018 Brandon Ivey Although a final tally has yet to be issued, volume for the year could total nearly $9.3 billion…Read More
New Wholesale Non-QM Lender Altloan Promises to be a ‘Disruptor’ January 2, 2018 Brandon Ivey Looks like Angel Oak, Caliber and Citadel Servicing Corp. are about to get some competition in the non-QM sector…Read More
The Story (So Far) on Non-QM MBS: Few Losses, Some Delinquencies; Investors Pleased… December 29, 2017 Brandon Ivey A $150.4 million deal from Angel Oak Capital Advisors issued in December 2015 had a cumulative net loss of just 0.02 percent…Read More
A Gain for Correspondents in Jumbo Market Share December 29, 2017 Brandon Ivey Wells Fargo and JPMorgan Chase are the two dominant lenders in the jumbo market but their channel preferences have diverged over the past year…Read More
MBS Analysis: Looks Like the GSEs are Taking Market Share from FHA December 29, 2017 Carisa Chappell Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…Read More
What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break December 29, 2017 Paul Muolo We get the sense that merger and acquisition activity could be fierce as profit margins tighten... Read More
Guaranteed Rate Rolls Out New Jumbo Loan with No MI December 28, 2017 Paul Muolo The nonbank is also allowing a 50 percent debt-to-income ratio on the product.Read More
Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren December 28, 2017 Paul Muolo The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…Read More
Mortgage Securitization Rate Increasing, On Track to Hit Highest Level Since 2013 December 26, 2017 John Bancroft An estimated 69.5 percent of third-quarter mortgage originations were funneled into securities, according to affiliated publication Inside MBS & ABS.Read More