Non-QM Pioneers Angel Oak and Acra See Strong Growth Ahead January 10, 2022 Paul Muolo Angel Oak just closed its ledger on 2021, winding up with originations of $3.9 billion.Read More
Fannie and Freddie Expect Record CRT Issuance in 2022 January 10, 2022 Dennis Hollier Freddie said it plans to “introduce new slices” to its STACR M-1 tranches.Read More
Short Takes: On Thursday SBC Reviews FHFA Nominee Thompson / Questions About the Conservatorships? / 10 Years of Profitability / Dollar Stocks / Changes at UI January 10, 2022 Monica Hogan and Paul Muolo In case you didn’t know, 2022 will mark the 10th year that Fannie and Freddie have operated as profitable companies...Read More
The Final MBS/ABS Tally for 2021: A Record $4.3 Trillion January 7, 2022 John Bancroft Continued low interest rates, courtesy of the pandemic, was a key factor in the results...Read More
Better.com Gets a Chief Product Officer. The Goal: Growth Ahead January 7, 2022 Paul Muolo Better.com's new chief product officer spent seven years at Wayfair...Read More
As Nonbank Mortgage Stocks Swoon... January 7, 2022 Paul Muolo Two of the six — UWM and FoA — became public entities via a SPAC maneuver, something Better.com is presently attempting.Read More
Industry Nears Third Year of Disruption as Omicron Variant Surges January 7, 2022 Monica Hogan Citigroup, a top-30 player in mortgages, has become the first megabank to impose a strict Covid-19 vaccine mandate: Get a shot or you're fired.Read More
FHFA Rejects GSEs' Duty-to-Serve Plans January 7, 2022 Dennis Hollier Housing advocates, spearheaded by the Lincoln Institute of Land Policy, believe the GSEs’ plans actually reduce loan targets for all three areas targeted by DTS.Read More
Agencies Set Annual Record In 2021 Despite a Slower 4Q January 6, 2022 John Bancroft Time to celebrate: Annual agency MBS issuance rose 10.1% from 2020 to a record $3.471 trillion in 2021.Read More
GAO Voices Concerns on Appraisal Exemptions January 6, 2022 Brandon Ivey When lenders opt for an evaluation rather than an appraisal, they often use AVMs...Read More