What We’re Hearing: Cut in Half, Ellie Mae’s Share Price / 1H 2019: A Challenge / Walking the Floor of the MBA Show / A Bullish Outlook for Servicing, Non-QM Lending / If Stocks Tank Further, Good Things Might Happen / High on Chris George’s ‘To Do’ List: October 26, 2018 Paul Muolo But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...Read More
New Residential Reports Strong 3Q18 Results, Bought $43B of MSR During the Period October 25, 2018 Paul Muolo The New York-based real estate investment trust has been on an MSR acquisition tear the past three years...Read More
Jumbo-Conforming Spread Closer than Perceived October 24, 2018 Brandon Ivey During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…Read More
Short Takes: Honey, If You Put Any More Money Into that Mortgage Company… / Citadel (Officially) Branches Out into SBCL / $400 Million Next Year? / Fannie Mae Sees Ghost Companies / When Bullying Might Work (Trump and Powell) October 24, 2018 Paul Muolo Fannie Mae continues to mine for non-existent companies that might show up on the consumer loan applications submitted to its seller-servicers...Read More
Short Takes: A 52-Week Low for Texas Capital / But Strong Earnings / Concern over the Future of Warehouse Lending? / TIAA’s Third Non-agency MBS / HomeStreet Sees Lower Production, Dark Clouds October 23, 2018 Paul Muolo and Brandon Ivey TIAA is preparing to issue its third prime non-agency mortgage-backed security of the year...Read More
Purchase Mortgages Dominate Jumbo MBS Issuance in 3Q18 October 22, 2018 Brandon Ivey Prime jumbo MBS issuance continues to be dominated by 30-year FRMs, with few interest-only products represented…Read More
More Experimentation in Non-Agency MBS Market with Issuance from Verus October 22, 2018 Brandon Ivey The structure results in principal payments to subordinate classes earlier in the transaction…Read More
Short Takes: HUD Shows its Enforcement Stripes / Otting, the Next (Interim) FHFA Director? / Sprout Mortgage Feeds Verus Nonagency MBS / Mayer Brown Hires CMG Attorney October 22, 2018 Paul Muolo and Brandon Ivey Otting is Comptroller of the Currency. The speculation is that he will pull a Mick Mulvaney and wear two hats for a while…Read More
New Residential Issuing Non-QM MBS with Loans from New Penn October 19, 2018 Brandon Ivey In total, 54.0 percent of the loans were underwritten using bank statements…Read More
Non-Mortgage ABS Production Down Sharply in 3Q18 October 19, 2018 John Bancroft Most of the third-quarter slippage occurred in the business-finance category, where ABS production tumbled 51.2 percent...Read More
RSS