MBA Launches Initiative to Address Racial Homeownership Gap September 21, 2021 Brandon Ivey The MBA's new effort is named "Building Generational Wealth Through Homeownership."Read More
AmWest to Issue its Own Non-Agency MBS September 21, 2021 Brandon Ivey Between the start of 2020 and the end of June 2021, AmWest ranked third among contributors to expanded-credit MBS.Read More
Freddie Mac More than Doubles the Cap on its STACR Repurchases September 21, 2021 Brandon Ivey The GSE boosted the tender cap from $650 million to $1.63 billion.Read More
Short Takes: Freddie Details Appraisal Bias / Results from Genworth’s IPO / Rocket’s Debt Offering / FoA’s MBS September 21, 2021 Brandon Ivey Freddie Mac's analysis on appraisal bias was based on 12 million appraisals spanning 2015 through 2020.Read More
GSE-Eligible Loans Major Source of Volume in Non-Agency MBS September 20, 2021 John Bancroft Some $20 billion of GSE-eligible mortgages are on track to flow into non-agency MBS this year.Read More
CoreVest to Issue its First Securitization of Bridge Loans September 20, 2021 Brandon Ivey Redwood could generate an ROE approaching 30% from the securitization.Read More
Rocket Launches Large Jumbo MBS September 20, 2021 Brandon Ivey The nearly $1.0 billion issuance is one of the largest from a nonbank post 2010.Read More
Flagstar Quickly Offers Another IPL Non-Agency MBS September 20, 2021 Brandon Ivey Mere days after offering a non-agency MBS with GSE-eligible mortgage for investment properties, Flagstar Bank started marketing a second, similar deal.Read More
Short Takes: Housing Market Slowing / Mr. Cooper Selling Field Services Unit / Freddie Selling NPLs / CFPB Signals Support for Renters September 20, 2021 Brandon Ivey The housing market is showing signs of a slowdown, according to an outlook from Fannie Mae.Read More
Details Out on Home Point’s $15 Billion MSR Auction September 17, 2021 Paul Muolo Home Point, which went public earlier this year, has been the subject of recent downgrades...Read More