Prime Non-Agency MBS in 3Q20 Fueled by UWM, Depositories November 3, 2020 Brandon Ivey Quicken Loans and loanDepot were the other nonbanks among the top five sources of collateral for these deals... Read More
Velocity Financial Resumes Originations; Income Increases in 3Q November 3, 2020 Brandon Ivey Velocity resumed origination activity in September, funding $63 million of investment-property loans in October. Read More
CoreLogic’s Major Shareholders Continue Proxy Battle November 3, 2020 Namrata Bhatia On Tuesday, CoreLogic accused Senator and Cannae of “pursuing a misinformation campaign aimed at” distracting shareholders and destroying value.Read More
Ginnie Buyouts Spike at Mr. Cooper. More on the Way? November 2, 2020 Paul Muolo Ginnie buyouts of delinquent mortgages are a common practice – but it takes readily available cash, or a line of credit... Read More
Trouble Ahead for Investors in Non-Agency MBS? November 2, 2020 Brandon Ivey This summer, non-cash-flowing loans as a share of aggregate current balance of non-agency MBS ranged from around 5% of post-2010 prime non-agency MBS to as high as 26% for legacy deals... Read More
Jumbo Rates Remain Stubbornly Above GSE Loans November 2, 2020 Brandon Ivey Research published by AEI shows that, between 2014 and 2019, the average interest rate on jumbos was 29 bps lower than on agency loans.Read More
Slip, Sliding Away: The Ginnie Mae Servicing Market November 2, 2020 John Bancroft Eight of the top 10 Ginnie servicers as of the end of September had smaller portfolios than at the midway point in the year.Read More
CMBS Issuance Stages a Comeback, SFR/Industrials Boom October 30, 2020 John Bancroft Much of the third-quarter rebound came from securitization of mortgages on industrial properties. Read More
LO Compensation Continued to Climb in the Third Quarter October 30, 2020 Yemeng Yang Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...Read More
Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt October 30, 2020 Paul Muolo IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...Read More