Net Income of $8.3M for Great Ajax, REIT Looks to Acquire More RPLs May 2, 2018 Brandon Ivey Great Ajax’s forte is buying re-performing mortgages…Read More
Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak May 1, 2018 Paul Muolo and Yemeng Yang Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...Read More
Redwood Trust to Acquire Minority Stake in Non-Agency Lender 5 Arches April 30, 2018 Brandon Ivey “The opportunity for us is clear,” said Christopher Abate, president of Redwood. “Capital needs in this still emergent sector of housing finance continue to rise..."Read More
MSR-Investing REIT New Residential Has a Blowout 1Q18: A Profit of $614.3 Million April 27, 2018 Paul Muolo New Residential said during and subsequent to the first quarter, it entered into agreements to buy $38.0 billion of mortgage servicing rights...Read More
Western Asset Goes Big with its First Non-QM MBS: A $1.25 Billion Deal April 27, 2018 Brandon Ivey Interesting fact: Most of these non-QM loans were originated by banks...Read More
Lenders Divided on Whether Changes Should be Made to QM Standards April 26, 2018 Brandon Ivey “It appears that the larger the investment, the larger the resentment,” Stratmor said.Read More
Chimera Packaging Mortgages Aggregated by BofA into a Prime Jumbo MBS April 25, 2018 Brandon Ivey Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.Read More
Short Takes: Another Milestone for Angel Oak / Going After Bayview? / Mortgage Layoffs at HomeStreet / Genworth Unveils Rate Card Reductions / A Promotion at PRMI April 25, 2018 Paul Muolo HomeStreet Bank, Seattle, revealed in its earnings statement this week that it chopped 86 full-time positions.Read More
Western Asset Management Preparing to Issue Non-QM MBS April 24, 2018 Brandon Ivey Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…Read More
Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors April 23, 2018 Brandon Ivey Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…Read More
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