Surprise: In 4Q17, GSE MBS Issuance Actually Increased January 4, 2018 John Bancroft Fact: Fannie and Freddie securitized more purchase-money mortgages in 2017 – $472.77 billion – than in any year since 2007.Read More
Incenter Out with Another MSR Offering, This One for $3 Billion January 4, 2018 Paul Muolo The delinquency rate on the MSR portfolio is 1.02 percent...Read More
Redwood Set to Issue First Prime Jumbo MBS Deal of the Year January 4, 2018 Brandon Ivey Clayton reviewed 481 mortgages that are slated for securitization…Read More
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
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
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
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