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Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement

February 8, 2017
Brandon Ivey and Paul Muolo
The full Senate could vote on the Ben Carson nomination next week...
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Blackstone in Takeover Talks with ‘Fix & Flip’ Lender Jordan Capital

February 7, 2017
Paul Muolo
Over the past two years, the Wall Street giant has purchased a handful of nonbank lenders, including Gateway Funding...
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Fed Survey: Demand for Subprime Mortgage Credit Fell in 4Q16

February 7, 2017
Thomas Ressler
The Fed LO survey does not include sentiments expressed by loan officers and account executives who work at nonbanks…
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Fitch Gives ‘Average’ Ratings to Nonprime Lenders Angel Oak, Citadel and Deephaven

February 7, 2017
Brandon Ivey
The assessment matches the rating service’s “grade” on Caliber Home Loans, which issued the first AAA-rated nonprime MBS backed by new originations.
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Jumbo Originations Up at Some Shops, Down at Others

February 6, 2017
Brandon Ivey
Among four depositories that publicly disclose their jumbo originations, First Republic Bank and Flagstar Bancorp posted increases…
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JPM Working on a Non-Agency MBS Deal With Loans Aggregated by Two Harbors

February 6, 2017
Brandon Ivey
In July, publicly traded REIT Two Harbors Investment Corp. announced it was discontinuing its mortgage conduit and securitization operations.
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Short Takes: So, You Want to Hang Onto That Market Share? / Get Ready for Jeb’s FCA, Version 2.0 / Buy a Stake in Us First / Keeping an Eye on the 10-Year / Greystone Hires an FHA Managing Director

February 6, 2017
Brandon Ivey and Paul Muolo
What? Democrats won't help in changing the Dodd-Frank Act?
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As Dodd-Frank Repeal/Replace Plans Firm Up, SFIG Unveils Securitization Reform Priorities

February 3, 2017
Brandon Ivey
SFIG noted that a complete repeal of risk-retention requirements “is likely neither appropriate nor probable.”
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A Loosening of Mortgage Credit? Not Yet, Not Really

February 3, 2017
Paul Muolo
Tom Hutchens of nonprime originator Angel Oak Mortgage Solutions said his shop presently employs 44 wholesale account executives and plans to hire 60 more over the next 18 months.
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Jumbo Originations Fluctuate at Some Banks; Up at First Republic and Flagstar

February 3, 2017
Jumbo production increased significantly for some lenders during the fourth quarter and declined for others, according to a preliminary analysis of jumbo originations. Among four banks that publicly disclose their jumbo volume, First Republic Bank and Flagstar Bancorp posted increases compared with both the third quarter of 2016 and the fourth quarter of 2015. BofI Holding and EverBank Financial reported declines in jumbo production. First Republic originated $3.06 billion of single-family ...
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